By Commodity News Service Canada
WINNIPEG, October 14 – The Canadian dollar gained against its US counterpart in early activity on Friday, supported by advances in crude oil.
Unexpected strength in China’s consumer prices also propped up the loonie.
At 8:55 CDT Friday, the Canadian dollar was at US$0.7598 or US$=C$1.3161, which compares with Thursday’s North American close of US$0.7573 or US$1=C$1.3205.
In Canadian domestic data, investment in non-residential building construction totalled C$12.5 billion in the third quarter, down 0.5 per cent from the previous quarter, Statistics Canada said in a report on Friday.
The TSX was up 77.57 points at 8:55 CDT Friday morning to sit at 14,721.28.
