By Commodity News Service Canada
WINNIPEG, July 17 – The Canadian dollar was slightly weaker against its US counterpart on Monday, though the market was mostly unchanged.
Strength from last week’s decision from the Bank of Canada to raise the country’s interest rates kept some support in the currency, despite weaker domestic data Monday morning.
The Canadian Real Estate Association said resales of Canadian homes declined 6.7 per cent in June from May.
At 9:10 CDT Monday, the Canadian dollar was at US$0.7900 or US$=C$1.2658, which compares with Friday’s North American close of US$0.7891 or US$1=C$1.2672.
In other Canadian domestic data, foreign investment in Canadian securities amounted to C$29.5 billion in May, mainly purchases of government debt instruments, Statistics Canada said in a report on Monday.
The TSX was up 29.02 points at 9:10 CDT Monday morning to sit at 15,203.83.
