By Commodity News Service Canada
Winnipeg, January 27 – The Canadian dollar opened stronger against
its US counterpart on Monday, reversing some of the sharp losses seen
in the previous week, industry watchers said.
However, losses seen in commodities, including gold and copper,
limited any further gains.
Traders are also looking ahead to Wednesday’s interest rate
announcement from the US Federal Reserve.
At 9:09 CST Monday, the Canadian dollar was at US$0.9047 or
US$=C$1.1053 which compares with Friday’s North American close of
US$0.9031, or US$=C$1.1073.
No major Canadian economic data is scheduled to be released on
Monday.
The TSX was down 51.27 points Monday morning at 9:09 CST, to sit
at 13,977.29.
