Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, December 31 – The Canadian dollar opened stronger
against its US counterpart on Tuesday, building off of Monday’s rally
as trading is expected to be relatively quiet ahead of the New Year’s
Day holiday on Wednesday, industry watchers said.
Losses seen in commodities, including gold, crude oil and copper,
limited the loonie’s upside.
At 8:47 CST Tuesday, the Canadian dollar was at US$0.9410 or
US$=C$1.0626 which compares with Monday’s North American close of
US$0.9398, or US$=C$1.0640.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was up 28.44 points Tuesday morning at 8:47 CST, to sit at
13,609.83.