By Commodity News Service Canada
Winnipeg, May 15 – The Canadian dollar was slightly higher against its US counterpart Thursday morning as the loonie held onto momentum gained yesterday.
Statistics Canada reported manufacturing sales were up 0.4% in March due to sales of plastics, machinery and food. This had a bullish influence on the dollar, said analysts.
The June crude oil contract slipped 40 cents to US$101.97 a barrel, which was bearish. June bullion declined 80 cents to US$1,305.10 an ounce, which was also bearish.
At 8:40 CDT Thursday, the Canadian dollar was at US$0.9192 or US$=C$1.0879 which compares with Wednesday’s North American close of US $0.9189, or US$=C$1.0882.
The TSX was down 6.08 points Thursday morning at 8:40 CDT, to sit at 14,673.73.
