By Commodity News Service Canada
Winnipeg, May 16 – The Canadian dollar was little changed against its US counterpart Friday morning on mixed commodity prices and a robust US housing report.
April housing starts in the US surpassed initial estimates and failed to sway the loonie, which has featured low volatility in the past few days.
The June crude oil contract gained 33 cents to US$101.83 a barrel, which was bullish. June bullion declined 4.30 cents to US$1,289.30 an ounce, which was bearish.
At 8:35 CDT Friday, the Canadian dollar was at US$0.9190 or US$=C$1.0881 which compares with Thursday’s North American close of US $0.9194, or US$=C$1.0877.
The TSX was down 84.84 points Friday morning at 8:35 CDT, to sit at 14,588.89.
