By Commodity News Service Canada
Winnipeg, October 21 – The Canadian dollar was lower relative to its American counterpart Friday morning, as Canada’s inflation rate increased, according to a report by Statistics Canada.
The agency says the consumer price index rose 1.3 per cent in September, compared to a year ago. That was relatively in line with most guesses by analysts.
At 8:50 CDT, the loonie was down 0.0051 of a cent to US$0.7504 or US$1=C$1.3326, which compares with Thursday’s close of US$0.7563 or US$1=C$1.3222.
At 8:50 CDT Friday morning, the TSX was up 5.30 points, or 0.04%, at 14,842.97.
The market was bolstered by gains in gold bullion, which helped offset a dip in crude oil prices.
