By Commodity News Service Canada
Winnipeg, April 30 – The Canadian dollar was down slightly against its US counterpart Wednesday morning after a mixed reading of economic growth data was released in both the United States and Canada.
According to Statistics Canada, Canada’s GDP rose by 0.2% in February. However, the US GDP was stuck at 0.1% growth in the first quarter, well below the 1.1% that investors were hoping for.
The Canadian Industrial Product Price Index rose by 0.4% in March.
On the commodity markets both crude oil and gold contracts for the month of June were down, which was bearish.
At 8:45 CDT Wednesday, the Canadian dollar was at US$0.9113 or US$=C$1.1097 which compares with Tuesday’s North American close of US $0.9132, or US$=C$1.0951.
The TSX was up 52.20 points Wednesday morning at 8:45 CDT, to sit at 14,583.11.
