Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 2 – The Canadian dollar opened stronger against
its US counterpart on Thursday, as a lack of fresh economic news has
the loonie trading in a narrow range, industry watchers said.
The loonie was strengthened by large early morning gains seen by
gold.
Strong Eurozone manufacturing data was also bullish, brokers said.
According to Markit, the Eurozone purchasing managers’ index was up to
52.7 in December from 51.6 in November.
At 8:46 CST Thursday, the Canadian dollar was at US$0.9440 or
US$=C$1.0593 which compares with Tuesday’s North American close of
US$0.9402, or US$=C$1.0636.
No major Canadian economic data is scheduled to be released during
this week.
The TSX was up 54.01 points Thursday morning at 8:46 CST, to sit
at 13,567.54.