Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 20 – The Canadian dollar opened weaker against
its US counterpart on Friday, undermined by weaker-than-expected
Canadian economic data, industry watchers said.
According to Statistics Canada, the consumer price index rose 1.1%
on a year-over-year basis in August, down from the 1.3% increase in
July and below economists’ expectations of a 2% gain.
Losses seen in commodities, including gold, copper and crude oil,
added to the loonie’s bearish tone.
At 8:48 CDT Friday, the Canadian dollar was at US$0.9720 or
US$=C$1.0288 which compares with Thursday’s North American close of
US$0.9745, or US$=C$1.0262.
The TSX was down 11.10 points Friday morning at 8:48 CDT, to sit
at 12,915.68.