Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, February 14 – The Canadian dollar opened slightly lower
against its US counterpart on Friday, undermined by weaker-than-
expected Canadian economic data, industry watchers said.
According to Statistics Canada, manufacturing sales were down 0.9%
in December, which marks the first decrease in sales since August 2013.
Economists were expecting sales to be flat during the month.
However, gains seen in commodities, including gold and copper,
limited any further losses.
At 8:41 CST Friday, the Canadian dollar was at US$0.9106 or
US$=C$1.0981 which compares with Thursday’s North American close of
US$0.9110, or US$=C$1.0977.
The TSX was up 33.43 points Friday morning at 8:41 CST, to sit at
14,035.08.