By MarketsFarm
WINNIPEG, April 17 (MarketsFarm) The Canadian dollar was stronger Wednesday morning, with solid economic data out of China providing some support for the financial markets in general.
At 9:06 CDT Wednesday morning the Canadian dollar was at US$0.7509 or C$1.3317 which compares with Tuesday’s North American close of US$0.7484 or C$1.3361.
Retail sales in China were up by 8.7 per cent in March, after increasing by only 8.2 per cent the previous month. The country’s gross domestic product growth beat expectations at 6.4 per cent.
Crude oil was firmer in early trade, providing some support for the energy-linked currency.
The TSX was stronger Wednesday morning, up 25.15 points at 9:06 CDT to sit at 16,527.35.
