By Commodity News Service Canada
Winnipeg, September 30 – The Canadian dollar was slightly
stronger relative to its American counterpart Friday morning, as
Canada’s economy advanced 0.5% in July over the previous month.
The country’s gross domestic product rose at a
faster-than-expected rate partially due to gains in the energy
sector.
It also lends strength to ideas that the country’s economy is
finally starting to rebound.
At 9:10 CDT, the loonie was up 0.0017 of a cent to US$0.7622
or US$1=C$1.3073, which compares with Thursday’s close of US$0.7605
or US$1=C$1.3149.
At 9:10 CDT Friday morning, the TSX was up 20.40 points, or
0.14%, at 14,774.95.
The market was bolstered by gains in metals, including both gold
and silver, which helped offset a slight dip in crude prices.
