By Commodity News Service Canada
WINNIPEG, October 16 – The Canadian dollar weakened against its
US counterpart Friday as commodity prices fell and Statistics Canada
released a report on manufacturing.
At 9:00 a.m. CDT the Canadian dollar was at US$0.7752 or C$1.2900
which compares with Thursday’s North American close of US$0.7784,
or C$1.2847.
In Canadian domestic data, manufacturing sales edged down 0.2
per cent to C$52.1 billion in August, following three consecutive
monthly advances. The largest declines were recorded in the petroleum
and coal product, motor vehicle parts, and aerospace product and
parts industries, Statistics Canada said in a report on Friday.
However, declines were largely offset by gains in the motor
vehicle assembly and wood product industries, according to StatsCan.
The TSX was stronger in early activity, up 42.15 points at 9:00
a.m. CDT to sit at 13,871.12.
