By Commodity News Service Canada
Winnipeg, April 30 – The Canadian dollar was virtually unchanged against its US counterpart at midday Wednesday, as the Canadian GDP managed to reach the 0.2% growth mark forecast for the month of February.
The United States posted a meager 0.1% rise in the first quarter, well below expectations.
Other indicators released by Statistics Canada today showed the Canadian goods-producing sector rose 0.5% in February while manufacturing advanced 0.6%.
Canada’s arts and entertainment sector dipped by 5%, a decline blamed on the two-week hiatus of National Hockey League games played in Canada.
At 11:55 CDT Wednesday, the Canadian dollar was trading at US$0.9133 or US$1.1094, which compares with Tuesday’s North American close of US$0.9132, or US$=$1.0951.
At 11:55 CDT Wednesday, the Toronto Stock Exchange was up 46.01 points to sit at 14,629.12.
