By MarketsFarm
WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, seeing some consolidation to start the week after declining relative to its United States counterpart on Friday.
At 8:52 a.m. CDT Monday morning, the Canadian dollar was at US$0.8240 or US$1=C$1.2136 which compares with Friday’s North American close of US$0.8232 or US$1=C$1.2148.
Canadian manufacturing sales were down by 2.1 per cent in April, to C$57.1 billion, according to a report from Statistics Canada. Sales were down in 11 of 21 industries
Crude oil was firmer in early activity, providing some support for the energy-linked currency. West Texas Intermediate crude oil was up by 1.0 per cent Monday morning to trade at US$71.60 per barrel.
The TSX was weaker, down by 9.97 points at 8:52 CDT, trading at 20,128.38 points.
