By Commodity News Service Canada
WINNIPEG, April 28 (CNS Canada) The Canadian dollar was slightly weaker Friday morning.
At 8:50 CDT Friday morning the Canadian dollar was at US$0.7319 or C$1.3663 which compares with Thursday’s North American close of US$0.7340 or C$1.3624.
Canada’s gross domestic product was unchanged in February after three months of growth, reported Statistics Canada. Gains in the service producing sector were offset by declines in goods producing industries.
In other domestic data, Canada’s Industrial Product Price Index was up 0.8 per cent in March, while the Raw Materials Price Index was down by 1.6 per cent, according to StatsCan data.
Crude oil was higher in early activity, which provided some underlying support for the energy-linked Canadian dollar.
The TSX was posting small gains at 8:50 CDT, up 7.54 points at 15,514.01.
