Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, December 30 – The Canadian dollar opened slightly
stronger against its US counterpart on Monday, as a lack of domestic
data releases on Monday has the loonie trading in a narrow range,
industry watchers said.
The Canadian dollar strengthened after it fell to a near three-
year low earlier in the session, brokers said.
Losses seen in commodities, including gold, copper and crude oil,
limited any further gains.
At 8:47 CST Monday, the Canadian dollar was at US$0.9351 or
US$=C$1.0694 which compares with Friday’s North American close of
US$0.9342, or US$=C$1.0704.
No major Canadian economic data is scheduled to be released on
Monday.
The TSX was up 2.92 points Monday morning at 8:47 CST, to sit at
13,585.06.