Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, October 4 – The Canadian dollar opened flat against its
US counterpart on Friday, due to a lack of fresh economic news,
industry watchers said.
The loonie remained in a narrow trading range as the partial
shutdown of the US government entered its fourth day, analysts said.
US nonfarm payroll data was scheduled to be released today, but it has
been postponed because of the shutdown.
Gains seen in commodities, including copper and crude oil,
provided some support.
At 9:03 CDT Friday, the Canadian dollar was at US$0.9684 or
US$=C$1.0326 which compares with Thursday’s North American close of
US$0.9684, or US$=C$1.0326.
Canada’s Ivey Purchasing Managers Index could give the Canadian
dollar some direction, as it’s scheduled to be released later Friday
morning.
The TSX was up 25.85 points Friday morning at 9:03 CDT, to sit at
12,760.97.