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Canadian Financial Close: C$ steady

| 1 min read

By Phil Franz-Warkentin

 

Glacier FarmMedia | MarketsFarm–The Canadian dollar held steady on Friday.

The Canadian dollar settled at US$0.7372 or US$1=C$1.3565 on Friday, which compares with Thursday’s close of US$0.7373 or US$1=C$1.3563.

Retail sales increased 0.9 per cent in July hitting C$66.4 billion, reported Statistics Canada. Early data from August suggests a 0.5 per cent rise in sales that month.

Canada’s industrial product price index was down by 0.8 per cent in August while the raw materials price index fell by 3.1 per cent, said StatCan.

Crude oil was softer, with West Texas crude oil down by 0.25 per cent at US$71.77 per barrel.

The TSX Composite Index was flat, up only 1.28 points to close at 23,867.55 points.