By Commodity News Service Canada
Winnipeg, November 15 – The Canadian dollar opened weaker against
its US counterpart on Friday, undermined by weak Canadian economic
data, industry watchers said.
The Canadian Real Estate Association said sales of existing homes
declined 3.2% in October.
However, gains seen in commodities, including gold and crude oil,
limited the loonie’s losses.
Better-than-expected Canadian manufacturing data also provided
some support, brokers said.
According to Statistics Canada, manufacturing sales were up 0.6%
in September, beating expectations of a 0.5% gain.
At 8:39 CST Friday, the Canadian dollar was at US$0.9548 or
US$=C$1.0473 which compares with Thursday’s North American close of
US$0.9553, or US$=C$1.0468.
The TSX was up 23.16 points Friday morning at 8:39 CST, to sit at
13,454.54.