By Commodity News Service Canada
WINNIPEG, MB, January 13, 2017 (CNS Canada) – The Canadian dollar was slightly lower, but mostly steady, against US counterpart in early activity on Friday.
The loonie weakened with declines in crude oil, while the greenback was still feeling pressure from a news conference with US president-elect Donald Trump.
Trump did not comment on his plans for fiscal stimulus when meeting with media on Wednesday, which was bearish for the US dollar.
At 8:48 CST Friday, the Canadian dollar was at US$0.7605 or US$=C$1.3149, which compares with Thursday’s North American close of US$0.7615 or US$1=C$1.3132.
In Canadian domestic data, the New Lending Services Price Index increased 3.3 per cent in the third quarter, following a one per cent decrease in the previous quarter, Statistics Canada said in a report on Thursday.
The TSX was up 33.51 points at 8:48 CST Friday morning to sit at 15,451.67.
