By Commodity News Service Canada
Winnipeg, April 23 – The Canadian dollar was down slightly against its US counterpart Wednesday morning as investors waited for fresh domestic sales reports.
Canadian retail sales data for February is expected to be released today. Early estimates call for retail sales to show a 0.5% rise but a miss on that mark could move the range-bound loonie, said analysts.
The June crude oil contract in New York was down 12 cents to US$101.63 which was bearish.
At 8:55 CDT Wednesday, the Canadian dollar was at US$0.9053 or US$=C$1.1046 which compares with Tuesday’s North American close of US $0.9068, or US$=C$1.1028.
The TSX was up 3.75 points Wednesday morning at 8:55 CDT, to sit at 14,559.72.
