By Commodity News Service Canada
WINNIPEG, Sept. 19 – The Canadian dollar was stronger Friday
morning, as the currency reacted to the latest inflation data.
At 9:12 CDT Friday morning the Canadian dollar was at US$0.9144
or C$1.0936 which compares with Thursday’s North American close of
US$0.9135, or C$1.0947.
Canada’s annual rate of inflation held steady at 2.1% in August,
according to a report from Statistics Canada. Core inflation,
meanwhile, rose to 2.1% from 1.7% the previous month.
In a separate report, StatsCan reported that the country’s
wholesale sales declined by 0.3% in July compared to the previous
month.
Currency markets were also reacting to the outcome of the
Scottish referendum, in which voters in the country chose 55% to 45%
to remain a part of the United Kingdom.
The TSX was weaker in early activity, down 33.06 points at 9:12
CDT to sit at 15,433.48.
