Canadian Dollar And Business Outlook

By Commodity News Service Canada

WINNIPEG, February 13 The Canadian dollar was nearly unchanged compared to its US counterpart at 9:00 CST Wednesday, as traders were on the sidelines ahead of the weekend’s G20 meeting, analysts said.

At 9:00 CST Wednesday, the Canadian dollar was at US$0.9975 or US$=C$1.0025, which compares with Tuesday’s North American close of US$0.9973 or US$=C$1.0027.

The Canadian dollar was also flat amid mixed commodity prices as crude oil and copper moved higher and gold values moved to lower ground.

The steadiness of the Canadian dollar was also linked to US retail sales data that came in line with pre-report expectations, traders said.

There was no significant Canadian economic data to report on Wednesday morning.

The TSX was up 21.97 points, or 0.17%, at 9:00 CST Wednesday morning to sit at 12,810.99.