By MarketsFarm
WINNIPEG, Oct. 13 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning despite gains in crude oil.
At 8:57 a.m. CDT Friday morning the Canadian dollar was at US$0.7313 or US$1=C$1.3674, which compares with Thursday’s close of US$0.7322 or US$1=C$1.3657.
Sales of existing homes in Canada fell by 1.9 per cent in September, marking the third monthly decline in a row, according to a report from the Canadian Real Estate Association. Benchmark house prices were down by 0.3 per cent from the previous month but were still up by 1.1 per cent annually.
Crude oil was stronger in early activity, with West Texas Intermediate up by 3.36 per cent at US$85.70 per barrel.
The TSX was stronger, up by 119.07 points at 8:57 CDT, trading at 19,620.61 points.
