By Commodity News Service Canada
WINNIPEG, May 26 – The Canadian dollar was within ten points of unchanged against its US counterpart on Friday.
On the supportive side, the loonie was underpinned by strength in the crude oil market and weaker US data.
Crude futures were higher in recovery-based trade, after pushing lower in the previous session.
In the US, economic growth was slower than analysts had expected, which put some pressure on the greenback.
At 8:30 CDT Friday, the Canadian dollar was at US$0.7426 or US$=C$1.3466, which compares with Thursday’s North American close of US$0.7433 or US$1=C$1.3453.
In Canadian domestic data, the median after-tax income of Canadian families and unattached individuals was $56,000 in 2015, virtually unchanged from 2014, Statistics Canada said in a report on Friday.
The TSX was up 8.04 points at 8:30 CDT Friday morning to sit at 15,418.77.
