Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, July 12 – The Canadian dollar opened slightly higher
than its US counterpart on Friday, underpinned by an absence of any
important domestic events, which suggests the loonie will be moved by
global market developments, market watchers said.
According to analysts, the Canadian dollar is expected to have a
quiet session, as traders continue to position themselves ahead of next
week’s Bank of Canada policy decision.
Losses in commodities, including copper and gold, limited the
loonie’s gains Friday morning.
At 8:30 CDT Friday, the Canadian dollar was at US$0.9631 or
US$=C$1.0383 which compares with Thursday’s North American close of
US$0.9629, or US$=C$1.0385.
The TSX was up 13.96 points Thursday morning at 8:30 CDT, to sit
at 12,507.22.