Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, July 3 – The Canadian dollar opened lower against its US
counterpart on Wednesday, undermined by data showing the US economy
strengthened in June, market watchers said.
According to the US job releases, private sector jobs in the US
increased by 188,000 in June, while initial jobless claims fell by
5,000 to a seasonally adjusted 343,000 in the week ended June 29. Both
releases were better than originally forecast by economists.
However, gains in commodities, including crude oil, gold and
copper, limited the loonie’s losses.
At 8:30 CDT Wednesday, the Canadian dollar was at US$0.9475 or
US$=C$1.0554 which compares with Tuesday’s North American close of
US$0.9480, or US$=C$1.0549.
The TSX was down 34.89 points Tuesday morning at 8:30 CDT, to sit
at 12,143.49.