By Commodity News Service Canada
Winnipeg, January 25 (CNS Canada) – The Canadian dollar was
higher against its U.S. counterpart on Thursday morning, despite a
disappointing economic report.
Canadian retail sales were sluggish in November, rising just
0.2 per cent on a seasonally adjusted basis. That was well below
analysts’ expectations.
Strength in crude oil futures supported the loonie.
At 9:05 CST Thursday morning the Canadian dollar was at
US$0.8118 or C$1.2318 which compares with Wednesday’s North American
close of US$0.8103 or C$1.2341.
At 9:05 CST Thursday morning, the TSX was down 11.86 points,
or 0.07%, at 16,272.35.
