By Commodity News Service Canada
WINNIPEG, May 20 The Canadian dollar was mostly unchanged against its US counterpart on Friday, as market participants reacted to conflicting news in the crude oil market.
Canada and Nigeria have faced crude oil supply outages, which provided some support to the commodity-linked loonie.
But losses in New York Mercantile crude oil futures weighed.
The market had lost US$0.11 to sit at US$48.56 a barrel, as of 8:42 CDT.
At 8:42 a.m. CDT, the Canadian dollar was at US$0.7634 or C$1.3099 which compares with Thursday’s North American close of US$0.7631, or C$1.3105.
In Canadian domestic data, the Consumer Price Index rose 1.7 per cent in April, compared with a year ago, Statistics Canada said in a report on Friday.
The TSX was weaker in early activity, down 103.2 points at 8:42
a.m. CDT to sit at 13,920.51.
