By Commodity News Service Canada
Winnipeg, April 20 – The Canadian dollar was slightly higher against its US counterpart at midday Monday, as advances in crude oil helped offset losses elsewhere.
The loonie was at US$0.8186 or US$1 = C$1.2212 at 11:45 CDT Monday morning.
The Canadian Real Estate Association says the national average price for homes sold in March was C$439,111. The average is up 9.4 percent from the same time last year.
The Governor of the Bank of Canada says his group’s recent cut to the interest rate has helped provide some insurance against dropping oil prices.
On the commodity markets the April crude contract in New York rose US$0.77 to US$58.09 a barrel. The April gold contract dropped US$9.20 to US$1,193.20 an ounce.
At 11:45 CDT Monday morning, the Toronto Stock Exchange was up 54.49 points to 15,415.04.
