Canadian dollar and business outlook

By Commodity News Service Canada

WINNIPEG, September 10 – The Canadian dollar weakened against
its US counterpart Thursday morning as Statistics Canada released
a report showing a decline in industrial capacity.

At 9:10 a.m. CDT the Canadian dollar was at US$0.7541 or C$1.3261
which compares with Wednesday’s North American close of US$0.7547,
or C$1.3250.

Canadian industries operated at 81.3 per cent of their
production capacity in the second quarter, down from 82.6 per cent
in the first quarter. This was the second consecutive quarterly
decline, Statistics Canada said in a report on Thursday.

According to StatsCan, as in the previous quarter, the mining,
quarrying, oil and gas extraction and manufacturing industries led
declines.

The TSX was stronger in early activity, up 22.48 points at 9:10
a.m. CDT to sit at 13,554.28.