By Commodity News Service Canada
WINNIPEG, April 21 – The Canadian dollar was weaker in early activity on Friday, pressured by weak inflation data.
The Consumer Price Index (CPI) rose 1.6 per cent on a year-over-year basis in March, following a two per cent gain in February, Statistics Canada said in a report on Friday. That is lower than analysts had expected.
At 8:50 CDT Friday, the Canadian dollar was at US$0.7411 or US$=C$1.3493, which compares with Thursday’s North American close of US$0.7423 or US$1=C$1.3472.
The TSX was down 10.45 points at 8:50 CDT Friday morning to sit at 15,615.11.
