By Commodity News Service Canada
WINNIPEG, August 4 – The Canadian dollar weakened further
against its US counterpart Tuesday morning after falling to levels
not seen in a decade on Friday, and as Statistics Canada released
a report on retail sales and volumes.
At 9:10 a.m. CDT the Canadian dollar was at US$0.7627 or C$1.3111
which compares with Friday’s North American close of US$0.7645, or
C$1.3080.
In Canadian economic data, retail sales grew 4.6 per cent in
2014, the highest annual growth rate since 2010. Higher sales were
reported in every subsector and province, Statistics Canada said in
a report on Tuesday.
According to StatsCan, total retail sales volumes grew 3.5 per
cent, also the highest growth rate posted since 2010.
The TSX was stronger in early activity, up 38.01 points at 9:10
a.m. CDT to sit at 14,506.82.
