Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, December 13 – The Canadian dollar opened close to
unchanged against its US counterpart on Friday, as continued concerns
that the US Federal Reserve could slow its monetary stimulus as early
as next week created some weakness, industry watchers said.
The Fed is scheduled to meet on December 17 and 18 for their final
policy meeting of 2013.
Losses seen in commodities, including gold and copper, were also
bearish.
However, weaker-than-expected US wholesale prices for November
limited any further gains, as it could delay tapering, brokers said.
According to the US Department of Labour, the producer price index
was down 0.1% from October, which was slightly lower than the 0.1%
increase that traders were expecting.
At 8:44 CST Friday, the Canadian dollar was at US$0.9396 or
US$=C$1.0642 which compares with Thursday’s North American close of
US$0.9398, or US$=C$1.0640.
No major Canadian economic data is scheduled to be released on
Friday.
The TSX was up 27.44 points Friday morning at 8:44 CST, to sit at
13,141.83.