By Commodity News Service Canada
WINNIPEG, September 15 (CNS Canada) – The Canadian dollar lost ground against its US counterpart Thursday morning, pressured by weak domestic data.
The ratio of household credit market debt to disposable income rose from 165.2 per cent in the first quarter to 167.6 per cent in the second quarter, Statistics Canada said in a report on Thursday.
According to StatsCan, households held C$1.68 in credit market debt for every dollar of disposable income.
However, crude oil futures gained in early activity, which limited some downside in the commodity-linked loonie.
At 8:55 CDT Thursday, the Canadian dollar was at US$0.7575 or US$=C$1.3201, which compares with Wednesday’s North American close of US$0.7577 or US$1=C$1.3197.
The TSX was up 95.26 points, at 8:55 CDT Thursday morning to sit at 14,461.72.
