By Commodity News Service Canada
Winnipeg, June 16 – The Canadian dollar was up slightly against its US counterpart on Friday, taking strength from positive manufacturing data and gains in crude oil.
Canada reduced its investment in foreign securities in
April, following four consecutive months of acquisitions.
Canadian consumers liquidated C$9.9 billion in foreign securities in April, reducing foreign shares by C$5.7 billion compared to March. This added to Canada’s current-account deficit.
Amazon has announced plans to buy grocery giant Whole Foods in a deal worth US$13.7 billion. Whole Foods owns 431 stores including 13 in Canada.
At 9:00 CDT Friday morning the Canadian dollar was at US$0.7551 or C$1.3243 which compares with Thursday’s North American close of US$0.7528 or C$1.3283.
At 9:00 CDT Friday morning, the TSX was down 33.43 points, or 0.22%, at 15,126.99.
