Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, October 1 – The Canadian dollar opened lower against its
US counterpart on Tuesday, amid limited trading as investors were
focused on the partial shutdown of the US government, industry watchers
said.
Losses seen in commodities, including gold, copper and crude oil,
were bearish.
According to analysts, Bank of Canada Senior Deputy Governor Tiff
Macklem is scheduled to deliver a speech later today, with a focus on
Canada’s exports and global growth.
At 8:44 CDT Tuesday, the Canadian dollar was at US$0.9693 or
US$=C$1.0316 which compares with Monday’s North American close of
US$0.9706, or US$=C$1.0303.
No Canadian economic data is scheduled to be released on Tuesday.
The TSX was up 46.54 points Tuesday morning at 8:44 CDT, to sit at
12,833.73.