By Commodity News Service Canada
Winnipeg, May 8 – The Canadian dollar rose against its US counterpart Thursday morning after Chinese trade data indicated the Asian country’s projected growth wasn’t as tepid as first thought.
Exports from China rose 0.9 percent in April from a year ago.
On the commodity markets, the June crude oil contract was up 28 cents to US$100.49 a barrel.
June bullion rose $3.80 to US$1,292.70 an ounce.
At 8:50 CDT Thursday, the Canadian dollar was at US$0.9199 or US$=C$1.0871 which compares with Wednesday’s North American close of US $0.9179, or US$=C$1.0894.
The TSX was down 6.63 points Thursday morning at 8:50 CDT, to sit at 14,649.77.
