By Commodity News Service Canada
WINNIPEG, June 26 – The Canadian dollar weakened against its
US counterpart Friday morning as crude oil prices fell.
At 8:30 a.m. CDT the Canadian dollar was at US$0.8078 or C$1.2379
which compares with Thursday’s North American close of US$0.8115,
or C$1.2323.
The US Energy Information Administration reported gasoline
inventories rose 700,000 barrels for a second week, which weighed
on prices.
There were 38,855 identified goods-exporting enterprises
operating in Canada in 2013. Most export revenues, 98.5 per cent of
export sales, were concentrated among 8,100 firms and enterprises,
Statistics Canada said in a report on Friday.
According to StatsCan, manufacturing enterprises generated a
little more than half of export sales. Mining, oil and gas accounted
for 19 per cent, wholesale at 11 per cent, and business services also
at 11 per cent. Together those industries accounted for 90 per cent
of exports.
The TSX was weaker in early activity, down 50.01 points at 8:30
a.m. CDT to sit at 14,897.50.
