Canadian Dollar and Business Outlook

By Commodity News Service Canada

Winnipeg – Mar 25/13 – CNS -The Canadian dollar was traing
at a firmer level against its US counterpart at 8:37 CT Monday
with much of the upward surge in the currency associated with the
weekend 10-billion euro deal for the troubled island nation of
Cyprus, market watchers said.

Adding to the strengthin the Canadian unit was the upward
price action in global crude oil and the North American equity
sector, brokers said.

At 08:37 CDT Monday, the Canadian dollar was at US$1.0193 or
US$=C$0.9810, which compares with Friday’s North American close
of US$1.0229 or US$=C$0.97.76.

Investors willing to take on riskier assets were also helped
to generate some of the upswing in the value of the Canadian
dollar early Monday.

No significant economic data was released in either the US
or Canada Monday. Canadian inflation data, however, will be
released on Wednesday while January Gross Domestic Product Data
is scheduled for release on Thursday.

The TSX was down 45.00 points at 08:37 CDT Monday morning to
sit at 12,756.90.
END