Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, November 29 – The Canadian dollar opened close to
unchanged against its US counterpart on Friday, despite better-than-
expected Canadian economic data, industry watchers said.
According to Statistics Canada, the third-quarter gross domestic
product grew at an annualized rate of 2.7%, which was above trade
expectations of a 2.5% increase.
Gains seen in commodities, including gold, copper and crude oil,
were also supportive.
At 8:33 CST Friday, the Canadian dollar was at US$0.9447 or
US$=C$1.0585 which compares with Thursday’s North American close of
US$0.9446, or US$=C$1.0587.
The TSX was up 10.78 points Friday morning at 8:33 CST, to sit at
13,381.61.