text: Canadian dollar heads higher amid positive, but muted Chinese data - Canadian Business
  Canadian dollar heads higher amid positive, but muted Chinese data
  TORONTO – The Canadian dollar rose Thursday amid positive if lacklustre economic data from China and a slight increase in oil prices.
  The advance was a small sign of improvement for the world's second-largest economy, but still left concerns over the country's uneven recovery as imports remained muted amid weak domestic demand.
  "There's a bit of optimism with China's customs office expecting exports growth to accelerate in the third quarter. Imports could also pick up based on improving signs of manufacturing and services activity in the past two months," said Ryan Huang, a market strategist at IG, said in a commentary.
  The Canadian currency continues to look for hints that the fundamentals supporting it, including oil prices, will remain strong. Despite an uptick Thursday, oil has been falling steadily for more than a week as geopolitical concerns surrounding the world's oil supply have eased.