Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, August 27 – The Canadian dollar opened weaker against
its US counterpart on Tuesday, undermined by poor global risk sentiment
due to continued tension in Syria, market watchers said.
However, gains seen in commodities, including crude oil, copper
and gold, limited the loonie’s losses.
At 8:38 CDT Tuesday, the Canadian dollar was at US$0.9511 or
US$=C$1.0514 which compares with Monday’s North American close of
US$0.9521, or US$=C$1.0503.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was down 36.52 points Tuesday morning at 8:38 CDT, to sit
at 12,723.78.