By Commodity News Service Canada
WINNIPEG, Feb. 16 (CNS Canada) The Canadian dollar was weaker Friday morning, retreating from two-week highs as the currency reacted to monthly manufacturing data.
At 9:09 CST Friday morning the Canadian dollar was at US$0.7975 or C$1.2539, which compares with Thursday’s North American close of US$0.7996 or C$1.2507.
Canadian factory sales were down by 0.3 per cent in December compared to the previous month, according to Statistics Canada. The drop came following an increase of 3.8 per cent in November, with lower sales in the petroleum and coal sector, and the food manufacturing industry.
Crude oil was holding near unchanged in early activity, providing little direction for the Canadian dollar.
The TSX was stronger at 9:09 CST, up 11.93 points at 15,419.59.
