Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, July 4 – The Canadian dollar opened slightly higher
against its US counterpart on Thursday, despite easing concerns about
Egypt disrupting global oil supplies after president Mohamed Mursi was
removed from power, market watchers said.
According to brokers, additional downward pressure will come from
expectations that a StatsCan report released tomorrow will show Canada
lost 7,500 jobs in June, after adding 95,000 in May.
Trading remains slow as US markets are closed for Independence
Day.
At 8:40 CDT Thursday, the Canadian dollar was at US$0.9520 or
US$=C$1.0504 which compares with Wednesday’s North American close of
US$0.9515 or US$=C$1.0510
The TSX was down 32.70 points Thursday morning at 8:40 CDT, to sit
at 12,145.68.