By Commodity News Service Canada
WINNIPEG, November 28 – The Canadian dollar was stronger against its US counterpart in early activity on Monday, tracking advances in the crude oil market.
New York Mercantile crude oil futures gained Monday morning, but were susceptible to choppy trade ahead of an OPEC output cut meeting on Wednesday.
At 8:40 CST Monday, the Canadian dollar was at US$0.7447 or US$=C$1.3428, which compares with Friday’s North American close of US$0.7393 or US$1=C$1.3527.
There was no significant economic data released by Statistics Canada on Monday.
The TSX was down 15.92 points at 8:40 CST Monday morning to sit at 15,059.52.
