The loonie was little changed against the U.S. currency early Thursday as new data showed the Canadian economy put in a sub-par performance in October while commodity prices fell back from recent highs.
The Canadian dollar added 0.01 of a cent to 98.61 cents U.S. as Statistics Canada said that gross domestic product increased 0.2% following a 0.1% decline in September. The agency said that mining and oil and gas extraction was the main source of growth.
But the showing was less than the 0.3% rise that economists had expected as manufacturing decreased 0.6% in October.
Manufacturers of non-durable goods cut back production by 2.3% while those of durable goods increased their output by 0.8% as production of motor vehicles and associated parts increased.
