Canadian Dollar And Business Outlook

By Commodity News Service Canada

Winnipeg, January 11 (CNS Canada) – The Canadian dollar was
weaker against its U.S. counterpart on Thursday morning, weighed down
by speculation the U.S. government will pull out of the North American
Free Trade Agreement.
Canada’s housing index rose 0.1 per cent in November. However,
the increase failed to meet analysts’ expectations of a 0.2 per cent
bump. The index is a representation of prices for single-detached
and semidetached residences and row houses.
Advances in crude oil, natural gas and metal prices helped lend
support to the commodity-backed Canadian currency.
At 9:05 CST Thursday morning the Canadian dollar was at
US$0.7970 or C$1.2547 which compares with Wednesday’s North American
close of US$0.8003 or C$1.2495.
At 9:05 CST Thursday morning, the TSX was up 30.40 points, or
0.19%, at 16,278.35.

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