By Commodity News Service Canada
Winnipeg, April 2 – The Canadian dollar was higher against its American counterpart at midday Thursday, as oil prices steadied.
The loonie was at US$0.7952 or US$1 = C$1.2575 at 11:40 CDT Thursday morning.
A new report shows that Canada’s trade deficit dropped from C$1.48 billion in January to C$984 million in February.
Canadian Finance Minister Joe Oliver told reporters this morning a federal budget would be unveiled on April 21.
On the commodity markets the April crude contract in New York dipped 0.72 to US$49.37 a barrel. The April gold contract shrank US$8.50 to US$1,205.70 an ounce.
At 11:40 CDT Thursday morning, the Toronto Stock Exchange was up 104.19 points to 15,046.74.
