By Commodity News Service Canada
WINNIPEG, Oct. 18 (CNS Canada) The Canadian dollar was stronger Wednesday morning, as domestic data provided some support.
At 9:28 CDT Wednesday morning the Canadian dollar was at US$0.7993 or C$1.2511 which compares with Tuesday’s North American close of US$0.7969 or C$1.2548.
Canadian factory sales were up by 1.6 per cent in August compared to the previous month, according to a report from Statistics Canada. The improvement came as a bit of a surprise to analysts, as average pre-report estimates had been for a slight decline on the month.
Crude oil was firmer on Wednesday, providing underlying support for the energy-linked Canadian currency.
The TSX was stronger at 9:28 CDT, up 20.877 points at 15,837.8
