By Commodity News Service Canada
Winnipeg, March 14 – The Canadian dollar
dipped slightly Friday morning as investors remained cautious in the
face of a looming vote in Ukraine that could see residents of Crimea
voting to join Russia.
Statistics Canada released a quarterly report on the national
balance sheet that shows the ratio of Canadian household debt to income
slipped to 164.0 percent in the fourth quarter of 2013. That is down
slightly from a record 164.2 percent in the third quarter.
Analysts say the Canadian dollar will be driven by broader global
market trends in the absence of any major activity at home.
There is also speculation next week’s consumer price index report
for February could create some activity with the dollar.
At 9:00 CDT Friday, the Canadian dollar was at US$0.9018 or
US$=C$1.1089 which compares with Thursday’s North American close of US
$0.9047, or US$=C$1.1053.
The TSX was up 17.89 points Friday morning at 9:00 CDT, to sit at
14,263.03.
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