By Commodity News Service Canada
Winnipeg, May 22 – The Canadian dollar was little changed against
its US counterpart Thursday morning, as it shrugged off disappointing
retail-sales data.
Statistics Canada reported retail sales in March fell 0.1% on
weaker demand for cars and clothes. On a year-over-year basis however,
retail sales rose 3.9%.
On the commodity markets, copper rose one cent to US$3.14 a pound
after reports that China’s manufacturing contraction eased in May. The
July crude oil contract slipped 21 cents to US$103.86 a barrel, which
was bearish. June gold gained $13.10 to US$1,301.20 an ounce, which was
bullish.
At 8:40 CDT Thursday, the Canadian dollar was at US$0.9161 or
US$=C$1.0916 which compares with Wednesday’s North American close of US
$0.9162, or US$=C$1.0915.
The TSX was up 10.13 points Thursday morning at 8:40 CDT, to sit
at 14,649.86.
