Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 16 – The Canadian dollar opened stronger against
its US counterpart on Thursday, underpinned by positive technical
signals, according to industry watchers.
Analysts said the US dollar’s inability to break through C$1.1000
in the previous session means its strength against the loonie could be
slowing.
Gains seen in commodities, including crude oil and copper, added
to the bullish tone.
At 8:44 CST Thursday, the Canadian dollar was at US$0.9169 or
US$=C$1.0906 which compares with Wednesday’s North American close of
US$0.9137, or US$=C$1.0945.
No major Canadian economic data is scheduled to be released on
Thursday.
The TSX was down 23.98 points Thursday morning at 8:44 CST, to sit
at 13,748.60.