By MarketsFarm
WINNIPEG, Sept. 22 (MarketsFarm) – The Canadian dollar was firmer Friday morning, with gains in crude oil providing some support.
At 8:37 a.m. CDT Friday morning the Canadian dollar was at US$0.7436 or US$1=C$1.3448, which compares with Thursday’s close of US$0.7415 or US$1=C$1.3486.
Canadian retail sales were up by 0.3 per cent in July at C$66.1 billion, according to a report from Statistics Canada. Sales were up in seven of nine subsectors. Core retail sales, which exclude gasoline stations and fuel vendors along with motor vehicle and parts dealers, were up by 1.3 per cent.
Crude oil was underpinned by expectations for tightening supplies, with West Texas Intermediate up by 1.53 per cent at US$91.00 per barrel.
The TSX was stronger, up by 68.39 points at 8:37 CDT, trading at 19,863.50 points.
