By Commodity News Service Canada
Winnipeg, March 14 – The Canadian dollar was weaker, dropping more than a third of a cent against the US dollar at 11:52 CDT Friday. Nervousness ahead of Sunday’s vote in Crimea had traders avoiding riskier assets, including the Canadian dollar, analysts said.
Residents in the Crimea region of Ukraine will vote on Sunday whether to stay as part of Ukraine, or join Russia.
At 11:52 CDT Friday, the Canadian dollar was trading at US$0.9014, or US$1=C$1.1094, which compares with Thursday’s North American close of US$0.9047, or US$=C$1.1053.
Ongoing worries about slow economic growth in China also weighed on the loonie.
However, the downside was limited by spillover support from the advances seen in commodities, including gold and crude oil prices.
The Toronto Stock Exchange was down 27.71 points, or 0.19%, at 11:52 CDT Friday, to sit at 14,217.43.
