TransCanada Pipeline: U.S. State Department

U.S. State Department: The loonie gained 0.13 of a cent to 90.24 cents US. , according to CBC. The U.S. State Department said Friday that the proposed TransCanada pipeline would produce less greenhouse gas emissions compared with transporting oil by rail to refineries in Texas. The Canadian dollar closed higher Tuesday, benefiting for a second day from an improved economic outlook and hopes for rising oil exports. That followed a rise of about one-third of a cent Monday amid optimism that the controversial Keystone XL pipeline will get U.S. approval. The pipeline, which would carry oilsands crude from Alberta to the Gulf of Mexico, would boost shipments from Canada and lift the economy. (www.immigrantscanada.com). As reported in the news.