By Fergal Smith TORONTO (Reuters) - The Canadian dollar weakened against its U.S. counterpart on Friday, but the currency held on to much of its weekly ...
By Fergal Smith TORONTO - The Canadian dollar weakened against its U.S. counterpart on Friday, but the currency held on to much of its weekly gain as oil prices rose and investors turnedLee's impacts to be felt as the storm tracks into Atlantic Canada this weekend | SaltWireTORONTO - The Canadian dollar weakened against its U.S. counterpart on Friday, but the currency held on to much of its weekly gain as oil prices rose and investors turned attention to domestic inflation data.
Much of the currency's weekly gain was down to selling of EUR-CAD, said Amo Sahota, director at Klarity FX in San Francisco. The price of oil, one of Canada's major exports, settled 0.6% higher at $90.77 a barrel, notching a 10-month high, as supply tightness spearheaded by Saudi Arabian production cuts combined with optimism around Chinese demand to lift crude.
Economists expect Canada's consumer price index report, due on Tuesday, to show inflation rising to an annual rate of 3.8% in August from 3.3% in July.
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Canadian dollar posts biggest weekly gain since JuneThe Canadian dollar weakened against its U.S. counterpart on Friday, but the currency held on to much of its weekly gain as oil prices rose and investors turned attention to domestic inflation data. The loonie was trading 0.1% lower at 1.3515 to the greenback, or 73.99 U.S. cents, after trading in a range of 1.3495 to 1.3549. Much of the currency's weekly gain was down to selling of EUR-CAD, said Amo Sahota, director at Klarity FX in San Francisco.
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Canadian manufacturing sales up 1.6% in July after falling in JuneStatistics Canada said the numbers for July were boosted by higher sales of food products, petroleum and coal products and transportation equipment
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Canadian dollar beats G10 peers as oil hits $90 a barrelBy Fergal Smith TORONTO (Reuters) - The Canadian dollar on Thursday strengthened against its U.S. counterpart and all the other G10 currencies as ...
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H&M's June-August local-currency sales lag expectationSTOCKHOLM (Reuters) - Sweden's H&M reported on Friday flat sales in its most recent quarter, lagging expectations as the fashion group struggles to ...
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Statistics Canada says manufacturing sales up 1.6% in July after falling in JuneOTTAWA — Statistics Canada says manufacturing sales rose 1.6 per cent to $71.9 billion in July, boosted by higher sales of food products, petroleum and coal products and transportation equipment. The increase followed at 2.0 per cent decline in June. The agency says sales of food products rose 3.1 per cent to $12.4 billion in July, as the grain and oilseed milling industry group gained 25.5 per cent, partially due to a resumption of operations following maintenance shutdowns at some crushing pla
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Statistics Canada says manufacturing sales up 1.6% in July after falling in JuneOTTAWA — Statistics Canada says manufacturing sales rose 1.6 per cent to $71.9 billion in July, boosted by higher sales of food products, petroleum and coal products and transportation equipment. The increase followed at 2.0 per cent decline in June.
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