By MarketsFarm
WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was slightly weaker relative to its United States counterpart Friday morning, as Canada’s latest inflation data failed to meet expectations.
At 8:47 a.m. CDT Friday morning the Canadian dollar was at US$0.7335 or US$1=C$1.3633, which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612.
Canada’s real gross domestic product was up by 0.1 per cent in February, after rising 0.6 per cent the previous month, according to a report from Statistics Canada. Early estimates for March show a small 0.1 per cent decline.
Crude oil was slightly firmer in early trade, with West Texas Intermediate up by 0.4 per cent at US$75.12 per barrel.
The TSX was stronger, up by 57.81 points at 8:47 CDT, trading at 20,580.45 points.
