By Commodity News Service Canada
WINNIPEG, July 15 (CNS Canada) The Canadian dollar weakened slightly against its US counterpart Friday morning.
Economists are bracing for the release of retail sales, consumer sentiment and inflation data.
However, US Federal Reserve policymakers suggested on Thursday they were in no rush to raise US interest rates, limiting losses for the loonie.
Canada factory sales declined one per cent in May, according to Statistics Canada. The drop solidified fears Canada’s export sector is on pace for one of its worst quarters in the post-crisis period.
At 8:50 CDT Friday, the Canadian dollar was at US$0.7739 or US$=C$1.2922, which compares with Thursday’s North American close of US$0.7753 or US$1=C$1.2898.
The TSX was down 9.86 points, or 0.07 per cent, at 8:50CDT Friday morning to sit at 14,524.38.
