By MarketsFarm
WINNIPEG, Sept. 29 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning as investors reacted to updated domestic economic data.
At 8:45 a.m. CDT Thursday morning the Canadian dollar was at US$0.7310 or US$1=C$1.3680, which compares with Wednesday’s close of US$0.7321 or US$1=C$1.3660.
Canada’s gross domestic product was up by 0.1 per cent on a monthly basis in July, according to a report from Statistics Canada. Pre-report expectations had been for a slight decline. Preliminary data for August showed a steady reading, with increases in some sectors offset by declines in others.
Crude oil was holding relatively steady. West Texas Intermediate crude oil was within a few cents of unchanged at 82.17 per barrel.
The TSX was down by 168.49 points at 8:45 CDT, trading at 18,480.43 points.
