Canadian Dollar And Business Outlook
By Commodity News Service Canada
Winnipeg, September 19 – The Canadian dollar opened flat against
its US counterpart on Thursday, with some support coming from Wednesday
afternoon’s announcement from the US Federal Reserve saying they would
not slow monetary stimulus yet, industry watchers said.
Further strength came from a Statistics Canada report that said
wholesale sales increased 1.5% in July to C$49.5 billion, following a
3.1% decline in June.
At 9:08 CDT Thursday, the Canadian dollar was at US$0.9784 or
US$=C$1.0220 which compares with Wednesday’s North American close of
US$0.9783, or US$=C$1.0222.
Gains seen in commodities, including gold and copper, added to the
slight bullish tone.
The TSX was down 1.22 points Thursday morning at 9:08 CDT, to sit
at 12,930.18.