By Commodity News Service Canada
WINNIPEG, September 23 – The Canadian dollar weakened against
its US counterpart Wednesday amid disappointing Chinese
manufacturing data.
At 8:40 a.m. CDT the Canadian dollar was at US$0.7524 or C$1.3291
which compares with Tuesday’s North American close of US$0.7543, or
C$1.3258.
China’s manufacturing index fell to a six-year low in
September-the biggest contraction since the global financial crisis,
which fueled concerns about a slowdown in the economy.
In Canadian domestic data, retail sales rose for the third
consecutive month in July, up 0.5 per cent to C$43.3 billion. Sales
increased in 6 of 11 subsectors, representing 55 per cent of retail
trade, Statistics Canada said in a report on Wednesday.
In volume terms, retail sales rose 0.2 per cent, according to
StatsCan.
The TSX was stronger in early activity, up 44.37 points at 8:40
a.m. CDT to sit at 13,535.46.
