Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, Nov. 14 – The Canadian dollar was stronger Friday morning, as better-than-expected domestic manufacturing data and gains in crude oil provided support.

At 9:30 CST Friday morning the Canadian dollar was at US$0.8828 or C$1.1328 which compares with Thursday’s North American close of US$0.8790, or C$1.1376.

Canadian manufacturing sales increased by 2.1% to C$53 billion in September, according to Statistics Canada data. The growth beat market expectations and came after a 3.5% decline the previous month.

The TSX was stronger in early activity, up 15.57 points at 9:30 CST to sit at 14,795.81.

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