By Commodity News Service Canada
Winnipeg, August 19 – The Canadian dollar opened slightly stronger
against its US counterpart on Monday, as light trading limited
movement, market watchers said.
According to analysts, traders are looking ahead to the release of
minutes from the Federal Open Market Committee on Wednesday. The
release will give an idea of whether the US Federal Reserve will begin
slowing its monetary stimulus as soon as September.
Losses seen in commodities, including gold, copper and crude oil,
limited the loonie’s gains.
At 8:31 CDT Monday, the Canadian dollar was at US$0.9677 or
US$=C$1.0333 which compares with Friday’s North American close of
US$0.9672, or US$=C$1.0339.
There is no major Canadian economic data scheduled to be released
on Monday.
The TSX was down 1.43 points Monday morning at 8:31 CDT, to sit at
12,735.49.
