By MarketsFarm
WINNIPEG, June 28 (MarketsFarm) The Canadian dollar was firm Friday morning, as better-than-expected domestic economic data provided some support.
At 9:15 CDT Friday morning the Canadian dollar was at US$0.7638 or C$1.3092 which compares with Thursday’s North American close of US$0.7627 or C$1.3111.
Canada’s gross domestic product increased by 0.3 per cent in April, according to a report from Statistics Canada. The GDP growth beat expectations, but was slightly slower than the 0.5 per cent increase reported the previous month.
Investors will be keeping an eye on news out of the G20 meetings in Japan, where United States President Donald Trump and Chinese President Xi Jinping are set to meet this weekend.
The TSX was firmer Friday morning, up 8.24 points at 9:15 CDT to sit at 16,315.97.
