By Commodity News Service Canada
WINNIPEG, Aug. 17 (CNS Canada) The Canadian dollar was stronger Friday morning, as better-than-expected inflation data provided support.
At 9:11 CDT Friday morning the Canadian dollar was at US$0.7646 or C$1.3079 which compares with Thursday’s North American close of US$0.7603 or C$1.3152.
Canada’s consumer price index was up by 3.0 per cent on an annual basis in July, following a 2.5 per cent reading the previous month.
Gains in crude oil were also supportive for the energy-linked Canadian currency.
The TSX was weaker at 9:11 CDT, down 9.37 points at 16,216.28.
