Loonie rises, shrugs off disappointing data

2020-10-16 19:03:38 GMT (Economies.com)
Loonie rises, shrugs off disappointing data

The Canadian dollar rose against most of its peers on Friday, shrugging off disappointing data and pressures on oil prices, which is one of the main pillars of the Canadian government budget.

 

Data showed today that Canada's manufacturing sales index fell 2% in September, worse than forecasts for a drop by 1.4%, after the index rose 7.2% in August.

 

The market remain concerned about the coronavirus global impact, especially as the second wave of infections sparked in several major countries

 

As of 17:53 GMT, WTI crude November futures at NYMEX fell by 0.2% to $40.8 a barrel, after hitting a high of $41.05 and a low of $40.08.

 

Brent December futures fell 0.4% to $42.9 a barrel, with a high of $43.2 and a low of $42.2.

 
 
 
  Symbol Last Change Chg.%
1.1835
0.0056
0.4720%
1.3022
0.0035
0.2722%
Tadawul
8154.59
-312.66
3.69%
24.340
-0.433
1.748%
39.135
-1.808
4.415%
41.77
-0.87
2.04%
1898.375
-13.640
0.713%
 
 
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