By Commodity News Service Canada
Winnipeg, July 15 – The Canadian dollar was lower than its US
counterpart on Monday, undermined by US retail sales data, analysts
said. Although numbers were lower-than-expected, US retail sales still
rose 0.4 percent in June.
Lower crude oil and copper prices put additional weight on the
Canadian dollar.
However, losses were limited as Canadian home sales rose 3.3
percent in June from May. The average price of a home was also up 4.8
percent from last year.
At 11:35 CDT Monday, the Canadian dollar was trading at US$0.9601
or US$1.0415, which compares with Friday’s North American close of
US$0.9619, or US$=$1.0396.
At 11:35 CDT Monday, the Toronto Stock Exchange was up 100.61
points to sit at 12,562.79.
