By MarketsFarm
WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was slightly firmer Friday morning, finding some underlying support from gains in crude oil.
At 8:40 a.m. CDT Friday morning the Canadian dollar was trading at US$0.7310 or US$1=C$1.3680, which compares with Thursday’s close of US$0.7291 or US$1=C$1.3715.
Canadian retail sales dipped by 0.1 per cent in August compared to the previous month, coming in at C$66.1 billion, according to a report from Statistics Canada. Early indications point to unchanged sales in September.
Crude oil continued to see choppy trade amid the ongoing uncertainty over the conflict between Israel and Hamas but was trending higher on Friday. West Texas Intermediate was up by 0.87 per cent at US$90.15 per barrel.
The TSX was relatively weaker, down by 78.81 points at 8:40 CDT, trading at 19,270.00 points.
