By Commodity News Service Canada
Winnipeg, March 20 – The Canadian dollar continued to fall
Thursday morning as speeches from Bank of Canada governor, Stephen
Poloz, and Chairwoman of the U.S. Federal Reserve, Janet Yellen,
continued to rattle investors, analysts said.
Poloz suggested a period of slow economic growth could be on the
horizon, while Yellen suggested the U.S. could raise interest rates.
Speculation that Canada, Europe and the U.S. could heighten
financial measures against Russia is raising concern among Canadian
firms with Russian interests.
At 9:05 CDT Thursday, the Canadian dollar was at US$0.8872 or
US$=C$1.1271 which compares with Wednesday’s North American close of US
$0.8893, or US$=C$1.1245.
The TSX was down 50.91 points Thursday morning at 9:05 CDT, to sit
at 14,283.13.
