By Commodity News Service Canada
Winnipeg, April 11 – The Canadian dollar continued to fall against its US counterpart at midday Friday, as weakening global markets and signs of trade weakness from China pressured the market, analysts said.
The decline was also sparked by US inflation news that suggested a tapering of federal policy would continue in the coming months.
New numbers show China’s growth in auto sales was just 7.9 per cent in March, well down from the projected figure of 11.3 per cent.
At 11:45 CDT Friday, the Canadian dollar was trading at US$0.9129 or US$1.1095, which compares with Thursday’s North American close of US$0.9150, or US$=$1.093.
At 11:45 CDT Friday, the Toronto Stock Exchange was down 52.83 points to sit at 14,255.17.
