By Commodity News Service Canada
Winnipeg, July 15 – The Canadian dollar opened lower against its
US counterpart on Monday, undermined by US retail sales data for June,
market watchers said.
According to analysts, US retail sales rose in June by 0.4
percent. Although it was lower than what economists had forecast, it
still added to the loonie’s bearish tone.
Losses in commodities, including crude oil and copper, also
weighed on the market.
At 8:35 CDT Monday, the Canadian dollar was at US$0.9612 or
US$=C$1.0403 which compares with Friday’s North American close of
US$0.9619, or US$=C$1.0396.
The TSX was up 65.85 points Monday morning at 8:35 CDT, to sit at
12,528.03.
