AGL 38.10 Decreased By ▼ -0.06 (-0.16%)
AIRLINK 136.75 Increased By ▲ 2.56 (1.91%)
BOP 9.22 Increased By ▲ 0.37 (4.18%)
CNERGY 4.75 Increased By ▲ 0.06 (1.28%)
DCL 8.83 Increased By ▲ 0.16 (1.85%)
DFML 38.44 Decreased By ▼ -1.34 (-3.37%)
DGKC 85.40 Increased By ▲ 0.25 (0.29%)
FCCL 35.35 Increased By ▲ 0.45 (1.29%)
FFBL 76.99 Increased By ▲ 1.39 (1.84%)
FFL 12.70 Decreased By ▼ -0.04 (-0.31%)
HUBC 108.79 Decreased By ▼ -0.66 (-0.6%)
HUMNL 14.74 Increased By ▲ 0.64 (4.54%)
KEL 5.55 Increased By ▲ 0.15 (2.78%)
KOSM 8.05 Increased By ▲ 0.30 (3.87%)
MLCF 40.70 Decreased By ▼ -0.67 (-1.62%)
NBP 71.40 Increased By ▲ 1.70 (2.44%)
OGDC 194.75 Increased By ▲ 1.13 (0.58%)
PAEL 27.00 Increased By ▲ 0.79 (3.01%)
PIBTL 7.48 Increased By ▲ 0.06 (0.81%)
PPL 167.95 Increased By ▲ 4.10 (2.5%)
PRL 26.25 Decreased By ▼ -0.11 (-0.42%)
PTC 20.40 Increased By ▲ 0.93 (4.78%)
SEARL 92.84 Increased By ▲ 8.44 (10%)
TELE 7.89 Decreased By ▼ -0.10 (-1.25%)
TOMCL 35.32 Increased By ▲ 1.27 (3.73%)
TPLP 8.98 Increased By ▲ 0.26 (2.98%)
TREET 17.34 Increased By ▲ 0.16 (0.93%)
TRG 59.50 Decreased By ▼ -1.50 (-2.46%)
UNITY 31.00 Increased By ▲ 2.04 (7.04%)
WTL 1.39 Increased By ▲ 0.02 (1.46%)
BR100 10,895 Increased By 118.9 (1.1%)
BR30 32,660 Increased By 426.2 (1.32%)
KSE100 101,357 Increased By 1274.6 (1.27%)
KSE30 31,488 Increased By 295 (0.95%)

The Canadian dollar was little changed against a broadly weaker US currency on Friday and gained 0.4 percent against the greenback on the week, but could face pressure next week if tepid retail sales data is any indication of broader economic health. The currency appeared to shrug off a sharp miss on September retail sales data released on Thursday, but worries about the domestic economy's health could also have been masked by oil price gains, a lack of liquidity over the US Thanksgiving Day holiday on Thursday and a broader greenback fall, an analyst said.
"Retail sales was awful, and the Canadian dollar is only a tiny bit lower than where it was beforehand," said Adam Button, currency analyst at ForexLive in Montreal. "That either speaks to the resilience of the currency or a lack of interest in the market, but the Bank of Canada is certainly paying attention." He said the next big test for the currency will come at the end of the next week, when gross domestic product data for the third quarter and monthly employment numbers are due.
Economists are expecting the Canadian economy to have grown 1.6 percent in the third quarter, according to a Reuters poll. At 4 pm (2100 GMT), the Canadian dollar was trading at C$1.2714 to the greenback, or 78.66 US cents, essentially unchanged from Thursday's close. The Canadian dollar was lower against the euro and British pound but gained against the Japanese yen.
It gained 0.4 percent this week against the currency of the United States, its primary trading partner. The currency's strongest level of the session was C$1.2694, while its weakest level was C$1.2747. Prices for oil, a major Canadian export, hit a two-year high as the shutdown of a pipeline between Canada and the United States hit supply. US crude prices were up 1.6 percent at $58.97 a barrel, while Brent crude added 0.3 percent to $63.73.
Canadian government bond prices were mixed across a flatter yield curve, with the two-year price down half a Canadian cent to yield 1.440 percent and the benchmark 10-year up 4 Canadian cents to yield 1.889 percent.

Comments

Comments are closed.