By Commodity News Service Canada
WINNIPEG, August 13 – The Canadian dollar weakened against its
US counterpart Thursday morning as low oil prices and a stronger US
dollar weighed on the loonie, and Statistics Canada released a report
on housing prices.
At 9:05 a.m. CDT the Canadian dollar was at US$0.7653 or C$1.3067
which compares with Wednesday’s North American close of US$0.7708,
or C$1.2973.
The New Housing Price Index grew 0.3 per cent in June, Statistics
Canada said in a report on Thursday.
According to StatsCan, the increase was largely a result of
gains in Ontario. This was the third consecutive monthly price
increase for the Canada-level index.
The greenback was buoyed by economic data on retail sales, which
grew 0.6 per cent in July from June.
The TSX was weaker in early activity, down 80.84 points at 9:05
a.m. CDT to sit at 14,258.69
