Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, MB, January 17, 2014 (CNS Canada) – The Canadian dollar
opened weaker against its US counterpart on Friday, as the US dollar
once again moved towards resistance seen at the key technical level of
C$1.1000, industry watchers said.
Losses seen in commodities, including crude oil and copper, added
to the bearish tone.
Traders are also looking ahead to next Wednesday, when the Bank
of Canada makes its next interest rate announcement.
At 8:47 CST Friday, the Canadian dollar was at US$0.9128 or
US$=C$1.0955 which compares with Thursday’s North American close of
US$0.9153, or US$=C$1.0925.
No major Canadian economic data is scheduled to be released on
Friday
The TSX was down 6.80 points Friday morning at 8:47 CST, to sit at
13,838.38.