By Commodity News Service Canada
WINNIPEG, August 17 – The Canadian dollar weakened against its
US counterpart Monday morning as the loonie remained pressured by
lower commodity prices, and as Statistics Canada released a report
on Canada’s international transactions in securities.
At 8:45 a.m. CDT the Canadian dollar was at US$0.7619 or C$1.3125
which compares with Friday’s North American close of US$0.7638, or
C$1.3092.
In Canadian economic data, foreign investors added C$8.5
billion of Canadian securities to their holdings in June, following
a C$5.5 billion divestment in May. At the same time, Canadian
investors acquired C$8.6 billion of foreign securities, all non-US
instruments, Statistics Canada said in a report on Monday.
According to StatsCan, in the second quarter, Canada’s
international transactions in securities generated a net outflow of
funds from the economy of C$4.4 billion, as Canadian investors placed
more funds abroad than foreign investors placed in Canada.
The TSX was stronger in early activity, up 39.48 points at 8:45
a.m. CDT to sit at 14,277.88.
