By Commodity News Service Canada
Winnipeg, April 8 – The Canadian dollar was trading at a softer level compared to its US counterpart at midday Monday, undermined by a disappointing corporate Canada survey, released by the Bank of Canada on Monday, analysts said.
According to the Bank of Canada, almost half of the Canadian firms who responded to the survey said their sales growth was worse last year than the year before.
At 11:55 CDT Monday, the Canadian dollar was trading at US$0.9810, or US$1=C$1.0194, which compares with Friday’s North American close of US$0.9839, or US$=C$1.0164.
The Canadian currency also continued to be pressured by weaker than anticipated jobs creation data from the US and Canada, which was released on Friday.
The Toronto Stock Exchange was down 1.14 points, or 0.01%, at 11:55 CDT Monday, to sit at 12,330.71.
