Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 29 – The Canadian dollar was slightly lower against its US counterpart on Friday morning, tracking losses in crude oil prices, gold bullion and natural gas.

Advances in Canadian producer prices helped offset some of the losses. The country’s industrial price index rose 0.3% in August, beating market expectations of 0.5%

At 9:17 CDT Friday morning the Canadian dollar was at US$0.8016 or C$1.2475 which compares with Thursday’s North American close of US$0.8032 or C$1.2450.

At 9:17 CDT Friday morning, the TSX was up 23.28 points, or 0.15%, at 15,641.53.

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