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Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Sep. 20 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as domestic retail sales data failed to live up to expectations.
At 8:49 CDT Friday morning the Canadian dollar was at US$0.7525 or C$1.3289 which compares with Thursday’s North American close of US$0.7542 or C$1.3259.
Canadian retail sales rose by 0.4 per cent in July to hit $51.5 billion, according to a report from Statistics Canada. The increase was the first in three months, with sales in six of 11 subsectors, or 71 per cent of retail trade, reporting gains. Average market expectations had been for a 0.6 per cent increase on the month.
Crude oil was slightly firmer in early activity.
The TSX was stronger Friday morning, up 83.76 points at 8:49 CDT to sit at 16,942.11.

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