Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, October 9 – The Canadian dollar opened lower against its
US counterpart on Wednesday, as the partial shutdown of the US
government, which in now into its second week, weighed on the loonie,
industry watchers said.
Losses seen in commodities, including gold, copper and crude oil,
added to the bearish tone.
Traders are looking ahead to Friday’s Canadian jobs report for
September, analysts said. Economists are expecting that the report will
show the economy created 13,500 jobs during the month.
At 8:42 CDT Wednesday, the Canadian dollar was at US$0.9636 or
US$=C$1.0377 which compares with Tuesday’s North American close of
US$0.9645, or US$=C$1.0368.
No major Canadian economic data is scheduled to be released on
Wednesday.
The TSX was up 12.54 points Wednesday morning at 8:42 CDT, to sit
at 12,704.95.