By Commodity News Service Canada
Winnipeg, June 28 – The Canadian dollar opened lower than its US
counterpart on Friday, undermined by a nervous market environment and
sliding gold prices, market analysts said.
However, a Statistics Canada report showing a slight boost in the
Canadian economy for April limited losses. According to the data, the
GDP made a 0.1% gain in April, driven by a 0.3% gain in the services
sector. The goods sector decline 0.3% as output in oil and gas
extraction plunged 2.7%, analysts said.
At 8:45 CDT Friday, the Canadian dollar was at US$0.9523 or
US$=C$1.0500 which compares with Thursday’s North American close of
US$0.9547, or US$=C$1.0475.
The TSX was up 34.97 points Friday morning at 8:45 CDT, to sit at
12,040.75.
