Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, September 25 – The Canadian dollar opened lower against
its US counterpart on Wednesday, undermined by better-than-expected US
economic data, industry watchers said.
According to the US Department of Commerce, orders for durable
goods were up 0.1% in August, which was above economists’ expectations
of a 0.6% decline.
Gains seen in commodities, including copper, gold and crude oil,
limited the loonie’s losses.
At 8:41 CDT Wednesday, the Canadian dollar was at US$0.9697 or
US$=C$1.0312 which compares with Tuesday’s North American close of
US$0.9707, or US$=C$1.0302.
No major Canadian economic data is scheduled to be released on
Wednesday.
The TSX was down 25.38 points Wednesday morning at 8:41 CDT, to
sit at 12,874.27.