By Commodity News Service Canada
WINNIPEG, Oct. 26 (CNS Canada) The Canadian dollar was weaker on Friday, as a general selloff in the global equity markets saw investors backing away from riskier assets.
At 9:26 CDT Friday morning the Canadian dollar was at US$0.7602 or C$1.3154 which compares with Thursday’s North American close of US$0.7648 or C$1.3076.
Crude oil was also lower on Friday, which contributed to the declines in the energy-linked Canadian dollar.
Meanwhile, better-than-expected gross domestic product data out of the United States was supportive for the U.S. dollar at the expense of other world currencies.
The TSX was weaker at 9:25 CDT, down 150.45 points at 14,773.63.
