Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, November 19 – The Canadian dollar opened slightly weaker
against its US counterpart on Tuesday, remaining in a narrow trading
range ahead of Wednesday’s release of minutes from the US Federal
Reserve’s October policy meeting, industry watchers said.
Some weakness came from an Organization for Economic Cooperation
and Development’s report that cut its 2014 forecast for global growth
from 4% to 3.6%, brokers said.
However, gains seen in commodities, including gold and copper,
limited any further losses.
At 8:43 CST Tuesday, the Canadian dollar was at US$0.9580 or
US$=C$1.0438 which compares with Monday’s North American close of
US$0.9586, or US$=C$1.0432.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was up 13.49 points Tuesday morning at 8:43 CST, to sit at
13,444.57.