By MarketsFarm
WINNIPEG, Dec. 10 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, seeing some consolidation to end the week.
At 8:49 a.m. CST Friday morning the Canadian dollar was at US$0.7853 or US$1=C$1.2734 which compares with Thursday’s close of US$0.7874 or US$1=C$1.2700.
Consumer prices in the United States were up by 6.8 per cent on an annual basis in November, according to a report from the U.S. Labor Department. That marked the largest rise in inflation in nearly 40 years, and was seen as reinforcing expectations for tightening monetary policy in the country.
Crude oil was stronger in early trade. West Texas Intermediate was up 1.01 per cent at US$71.66 per barrel.
The TSX was stronger, up 26.88 points at 8:49 CST, trading at 20,952.37 points.
