By MarketsFarm
WINNIPEG, Aug. 10 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, with rising inflation data out of the United States behind some of the activity in the global currency markets.
At 9:18 a.m. CDT Thursday morning the Canadian dollar was at US$0.7469 or US$1=C$1.3389, which compares with Wednesday’s close of US$0.7445 or US$1=C$1.3431.
The U.S. Bureau of Labor reported that the country’s Consumer Price Index was up by 3.2 per cent in July on an annual basis, which compares with the 3.0 per cent rise reported in June.
Crude oil was softer early Thursday, with West Texas Intermediate down by 0.59 per cent at US$83.90 per barrel.
The TSX was stronger, gaining 166.34 points at 9:18 CDT, trading at 20,444.61 points.
