Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 11 – The Canadian dollar opened slightly
higher against its US counterpart on Wednesday, underpinned by easing
concerns about a possible US military strike against Syria, industry
watchers said.
President Barack Obama asked congress to postpone a vote for
military action against Syria on Tuesday night, with hopes that Syria
will hand over its chemical weapons to international control.
Gains seen in commodities, including crude oil and copper, added
to the bullish tone.
At 8:38 CDT Wednesday, the Canadian dollar was at US$0.9670 or
US$=C$1.0341 which compares with Tuesday’s North American close of
US$0.9664, or US$=C$1.0348.
With a lack of fresh economic news, traders are looking ahead to
next week’s US Federal Reserve policy meeting to see if the Fed will
decide to slow its monetary stimulus, brokers said.
The TSX was up 25.53 points Wednesday morning at 8:38 CDT, to sit
at 12,798.95.