Canadian Dollar and Business Outlook

By Commodity News Service Canada
Sept. 6 (CNS Canada) – The Canadian dollar posted small
losses early this morning when compared to selected world
currencies, as investors keep their eyes on Canada-United States
discussions over a new North American Free Trade Agreement
(NAFTA).
The Canadian dollar was trading at US$0.7581 or C$1.3190
per U.S. dollar at 8:40 CDT this morning. The loonie closed
Sept. 5 at US$0.7584, or C$1.3185.
Building permits declined slightly, by 0.1 per cent, in
July compared to June, according to data released by Statistics

Canada today. Municipalities issued C$8.2 billion in building
permits in July; C$5.3 billion for residential buildings (down
0.3 per cent) and C$2.9 billion for non-residential permits (up
0.2 per cent). British Columbia and Ontario recorded the largest
decreases of all provinces in the total value of building
permits issued. In B.C., building permit values fell by 11 per
cent to C$1.4 billion and in Ontario permit values fell by 2.4
per cent to C$3.3 billion.
The S&P/TSX composite index was trading higher at 16,151.81
at 6:58 a.m. CDT, based on reports of progress in NAFTA talks
between Canada and the U.S. That’s an increase of 0.09 per cent,
or 14.24 points.
In the U.S., the S&P 500 was trading at 2,884.64, down 3.96
points or 0.13 per cent.
The Dow Jones Industrial Average was 0.23 per cent higher
at 26,034.19, and the Nasdaq dropped 0.14 per cent, to
7,9983.82.

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