By Commodity News Service Canada
Winnipeg, January 31 – The Canadian dollar opened weaker against
its US counterpart on Friday, undermined by unfavourable Canadian
economic data, industry watchers said.
According to Statistics Canada, the gross domestic product was up
only 0.2% in November, which was slower than the 0.3% gain seen the
previous two months.
Losses seen in commodities, including crude oil and copper, added
to the bearish tone.
At 8:31 CST Friday, the Canadian dollar was at US$0.8923 or
US$=C$1.1206 which compares with Thursday’s North American close of
US$0.8956, or US$=C$1.1166.
The TSX was down 121.60 points Friday morning at 8:31 CST, to sit
at 13,613.68.
