The commodity-linked Canadian dollar was unchanged against its broadly firmer US counterpart on Monday as oil prices rallied and risk appetite improved. The Canadian dollar's steady performance against the greenback follows steep losses on Friday as a slump in domestic jobs and a record-wide Canadian trade deficit contrasted with a robust US jobs report.
Oil rose after a report of renewed calls by some Opec members to restrain output. US crude prices were up 1.84 percent at $42.57 a barrel. At 9:26 am EDT (1326 GMT), the Canadian dollar was trading at C$1.3164 to the greenback, or 75.96 US cents, unchanged from Friday's close.
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