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Business

Canadian dollar higher

by The Canadian Press - Story: 81230
Oct 1, 2012 / 8:38 am

The Canadian dollar was higher against the greenback early Monday in advance of a report on U.S. manufacturing.

The loonie gained 0.13 of a cent to 101.84 cents US before stock markets opened.

A glimpse of the state of U.S. manufacturing is due with the release of the ISM Purchasing Managers' Index for September at 10 a.m. ET.

Meanwhile, the latest reading of China's manufacturing sector showed weakness and there was also yet another month of contraction in the eurozone.

China's Purchasing Managers' Index for September came in at 49.8, marking a further contraction in activity in the region.

The eurozone's manufacturing sector experienced a better month, though the September PMI still contracted for the 14th consecutive month.

In commodities, November crude on the New York Mercantile Exchange moved down 13 cents to US$92.06 a barrel.

December gold bullion increased $4.30 to US$1,778.20 an ounce, while December copper was down nearly one cent at US$3.75 a pound.

The Canadian Press


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