By Commodity News Service Canada
Winnipeg, April 11 – The Canadian dollar fell Friday morning in the face of a strengthening US dollar and weakening global markets.
A shift away from riskier assets is credited with helping the US dollar hold gains, according to a report by BMO Capital Markets.
It will be difficult for the Canadian dollar to move significantly up or down on Friday due to a lack of new domestic data, said an analyst.
At 8:40 CDT Friday, the Canadian dollar was at US$0.9122 or US$=C$1.1096 which compares with Thursday’s North American close of US $0.9150, or US$=C$1.1929.
The TSX was down 127.58 points Friday morning at 8:40 CDT, to sit at 14,308.00.
