By Commodity News Service Canada
Winnipeg, February 8 – The Canadian dollar was slightly higher
compared to its US counterpart Wednesday morning, on news that the
Canadian economy grew by 3.5 percent in the third quarter.
Energy exports helped boost the country’s gross domestic
product, according to a report by Statistics Canada.
At 8:58 CST Wednesday morning the Canadian dollar was at
US$0.7595 or C$1.3167 which compares with Tuesday’s North American
close of US$0.7641 or C$1.3087.
At 8:58 CST Wednesday morning, the TSX was down 74.87 points,
or 0.48%, at 15,423.93.
Weaker oil stocks and declines in banking contributed to the
downturn.
Losses in natural gas and copper were also bearish for the
market.
