By Commodity News Service Canada
Sept. 13 (CNS Canada) — Investors remain optimistic that a deal on the North American Free Trade Agreement can be reached, even as the Canadian dollar wavered but largely kept pace. The loonie was at US$0.7697, or C$1.2991 per U.S. dollar at 8:52 a.m. CDT. The loonie closed Sept. 12 at US$0.7684, or C$1.3012.
The Canadian dollar has depreciated against the U.S. dollar by 2.1 per cent for the second quarter, data from Statistics Canada show. However, the loonie has gained against all other major currencies. It is up 4.3 per cent to the United Kingdom pound sterling, up 3.3 per cent to the euro and up 1.9 per cent to the Japanese yen.
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The S&P/TSX composite index was down 12.41 points at 8:52 a.m. CDT, hitting 16,036.61, a decline of 0.77 per cent.
Prices for West Texas Intermediate (WTI) crude oil were at US$69.36 this morning, down US$1.01.
