Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, February 11 – The Canadian dollar opened slightly weaker
against its US counterpart on Tuesday, undermined by expectations that
US Federal Reserve Chairwoman Janet Yellen will continue with the
tapering of the Fed’s monthly bond-buying program, industry watchers
said.
However, gains seen in commodities, including gold and crude oil,
limited any further losses.
Traders are also looking ahead to the release of the federal
government’s 2014/15 fiscal year budget late Tuesday afternoon,
analysts said.
At 8:37 CST Tuesday, the Canadian dollar was at US$0.9041 or
US$=C$1.1060 which compares with Monday’s North American close of
US$0.9046, or US$=C$1.1055.
The TSX was up 29.78 points Tuesday morning at 8:37 CST, to sit at
13,823.96.