By Commodity News Service Canada
Winnipeg March 27 – The Canadian dollar was slightly lower against its American counterpart Friday morning, as gold and oil both fell in pre-weekend trading.
At 8:45 CDT Friday morning, the loonie was up 0.0015 of a cent to US$0.7995 or US$1 = C$1.2507.
European stocks appeared headed for their biggest weekly fall of the year. The resurgent Euro has brought US policy-makers out of the woodwork, said an analyst, noting two-way trade had resumed between Europe and the US.
Oil prices eased as recent worries that turmoil in Yemen could hamper supplies out of the Mideast appear to have faded.
Blackberry reported net profits of C$28 million in the period ended February 28, which was better than expected.
On the commodity markets the May crude contract in New York fell U$0.53 to US$50.90 a barrel. The April gold contract dipped $5.80 to US$1,199.00 an ounce.
t 8:45 CDT Friday morning, the TSX was up 23.68 points to 14,893.48.
