By MarketsFarm
WINNIPEG, Oct. 14 (MarketsFarm) – The Canadian dollar was weaker Friday morning, as a downturn in crude oil weighed on the energy-linked currency.
At 9:23 a.m. CDT Friday morning the Canadian dollar was at US$0.7230 or US$1=C$1.3831, which compares with Thursday’s close of US$0.7243 or US$1=C$1.3806.
Canadian manufacturing sales were down by 2.0 per cent in August, hitting C$70.4 billion, according to a report from Statistics Canada, marking the fourth consecutive monthly decline. However, wholesale sales were up by 1.4 per cent during the month, hitting a record high of C$81.3 billion in August.
West Texas Intermediate crude oil was down by 2.9 per cent at 86.56 per barrel.
The TSX was down by 66.80 points at 9:23 CDT, trading at 18,546.83 points.
