Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, February 13 – The Canadian dollar opened slightly weaker
against its US counterpart on Thursday, undermined by slow growth seen
in new Canadian home prices, industry watchers said.
According to Statistics Canada, the average annual increase in new
housing prices in 2013 was 1.8%, which is the slowest pace since 1999.
Losses seen in commodities, including gold, copper, and crude oil,
added to the bullish tone.
At 8:43 CST Thursday, the Canadian dollar was at US$0.9089 or
US$=C$1.1001 which compares with Wednesday’s North American close of
US$0.9093, or US$=C$1.0997.
The TSX was down 32.71 points Thursday morning at 8:43 CST, to sit
at 13,867.78.