By Commodity News Service Canada
Winnipeg, November 12 – The Canadian dollar opened slightly weaker
against its US counterpart on Tuesday, as last Friday’s strong US jobs
report has traders concerned that the US Federal Reserve could slow its
monetary stimulus before 2014, industry watchers said.
Losses seen in commodities, including crude oil, gold and copper,
added to the bearish tone.
At 8:37 CST Tuesday, the Canadian dollar was at US$0.9539 or
US$=C$1.0483 which compares with Friday’s North American close of
US$0.9544, or US$=C$1.0478.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was down 22.41 points Tuesday morning at 8:37 CST, to sit
at 13,335.98.
