Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 13 – The Canadian dollar opened stronger against
its US counterpart on Monday, reversing some of the losses seen on
Friday due to a disappointing Canadian jobs report, industry watchers
said.
Traders were also positioning themselves ahead of the Bank of
Canada’s quarterly business outlook survey, which will be released
later in the morning, brokers said.
However, losses seen in commodities, including crude oil, gold and
copper, limited the loonie’s upside.
At 8:47 CST Monday, the Canadian dollar was at US$0.9192 or
US$=C$1.0879 which compares with Friday’s North American close of
US$0.9173, or US$=C$1.0901.
The TSX was down 7.40 points Monday morning at 8:47 CST, to sit at
13,740.12