By Commodity News Service Canada
Winnipeg, November 3 – The Canadian dollar was lower against its US counterpart Monday morning, in the wake of weak manufacturing data from China and Europe.
The China Federation of Logistics and Purchasing’s manager’s index fell by 0.3 percent from September to 50.8, which indicates expansion.
Data from the Eurozone showed their index rose to 50.6 from the previous month’s 50.3.
On the commodity markets, December bullion fell $1.40 to US$1,170.20 an ounce while copper prices increased one cent to US$3.06 a pound. The December crude oil contract gained 40 cents to US$80.40.
At 8:50 CST Monday, the Canadian dollar was at US$0.8846 or US$=C$1.1305 which compares with Friday’s North American close of US $0.8872, or US$=C$1.1271.
The TSX was up 4.54 points Monday morning at 8:50 CST, to sit at 14,617.86.
