Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 15 – The Canadian dollar opened slightly weaker
against its US counterpart on Wednesday, falling to a fresh four-year
low amid poor Canadian housing data, industry watchers said.
According to the Canadian Real Estate Association, sales of
existing homes in December dropped 1.8% from November.
Losses seen in commodities, including gold and copper, added to
the bearish tone.
At 8:38 CST Wednesday, the Canadian dollar was at US$0.9129 or
US$=C$1.0954 which compares with Tuesday’s North American close of
US$0.9134, or US$=C$1.0948.
The TSX was down 29.99 points Wednesday morning at 8:38 CST, to
sit at 13,722.37.