By Commodity News Service Canada
Winnipeg, May 30 – The Canadian dollar was slightly down Friday morning, after a report that Canada’s economy grew at a weaker pace than expected.
According to Statistics Canada, the country’s economy rose 1.2% in the first quarter, down from analysts’ expectations of 1.8%.
On the commodity markets, the June crude oil contract lost 51 cents to US$103.07 a barrel, which was bearish. July copper rose one cent to US$3.15 a pound, which was supportive.
At 8:45 CDT Friday, the Canadian dollar was at US$0.9220 or US$=C$1.0846 which compares with Thursday’s North American close of US $0.9228, or US$=C$1.0836.
The TSX was down 17.99 points Friday morning at 8:45 CDT, to sit at 14,570.96.
