Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, August 28 – The Canadian dollar opened weaker against
its US counterpart on Wednesday, undermined by poor global risk
sentiment due to the continued tension in Syria, industry watchers
said.
Adding to the bearish tone was a Statistics Canada report that
showed the weekly earnings of non-farm payroll employees increased only
0.2% in June after a 1.2% boost in May, analysts said.
At 8:47 CDT Wednesday, the Canadian dollar was at US$0.9532 or
US$=C$1.0490 which compares with Tuesday’s North American close of
US$0.9547, or US$=C$1.0474.
However, gains seen in commodities, including gold and crude oil,
limited the loonie’s losses.
The TSX was up 26.58 points Wednesday morning at 8:47 CDT, to sit
at 12,617.79.