By MarketsFarm
WINNIPEG, Dec. 18 (MarketsFarm) – The Canadian dollar was weaker Friday morning, retreating from nearby highs as investors adjusted positions ahead of the weekend.
At 8:50 CST Friday morning the Canadian dollar was at US$0.7839 or C$1.2757 which compares with Thursday’s North American close of US$0.7863 or C$1.2718.
Retail sales in Canada were up by 0.4 per cent in October, hitting C$54.6 billion, according to a report from Statistics Canada. That marked the sixth-straight increase, with motor vehicle and parts dealers posting the largest gains. Pre-report expectations had been for a more modest 0.2 per cent rise on the month.
West Texas Intermediate crude oil was up 0.9 per cent in early activity, at US$49.01 per barrel.
The TSX was down by 41.37 points at 8:50 CST to trade at 17,611.57 points.
