By Commodity News Service Canada
WINNIPEG, January 28 The Canadian dollar fell even further below parity with its US counterpart at 8:52 CST Monday, as last week’s dovish announcement from the Bank of Canada continued to weigh on its value, analysts said.
At 8:52 CST Monday, the Canadian dollar was at US$0.9914 or US$=C$1.0087, which compares with Friday’s North American close of US$0.9935 or US$=C$1.0065.
Continued concerns about weak inflation in Canada also had traders avoiding the loonie, which helped it move further below parity with its US counterpart.
There was no significant Canadian economic data report on Monday.
The TSX was down 6.99 points, or 0.05%, at 8:52 CST Monday morning to sit at 12,816.63.
