Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, May 27 – The Canadian dollar was little changed Tuesday morning, as it held its own against a strengthening US dollar.

An increase in risk appetite overnight provided some underlying support for the Canadian currency, according to analysts.

On the commodity markets June bullion faded $10.10 to US$1,281.60 an ounce, which was bearish. July copper was unchanged at US$3.17 a pound.

At 8:50 CDT Tuesday, the Canadian dollar was at US$0.9219 or US$=C$1.0847 which compares with Monday’s North American close of US $0.9208, or US$=C$1.0860.

The TSX was down 3.72 points Tuesday morning at 8:50 CDT, to sit at 14,711.97.