Loonie dragged down by gold
Sep 28, 2012 / 7:05 am
The Canadian dollar was lower Friday morning after the latest report from on the Canadian economy and weaker gold prices.
The loonie dipped 0.09 of a cent to 101.86 cents US shortly before stock markets opened.
Statistics Canada said the economy grew by 0.2 per cent in July, after a downwardly revised 0.1 per cent rise in June. The July figure was better than the 0.1 per cent expected by analysts.
In commodities, December bullion decreased $2.30 to US$1,778.20 an ounce. December copper was up one cent to US$3.76 a pound.
November crude on the New York Mercantile Exchange moved down $1.07 to US$91.82 a barrel.
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