By Commodity News Service Canada
Winnipeg, September 24 – The Canadian dollar opened flat against
its US counterpart on Tuesday, despite the release of positive Canadian
economic data, industry watchers said.
According to Statistics Canada, retail sales increased 0.6% to
C$40.3 billion in July, pushed by higher sales at gasoline stations.
July’s gain was in line with economists’ forecasts and significantly
higher than June’s 0.6% decrease.
Losses seen in commodities, including gold, copper and crude oil,
were bearish.
At 8:40 CDT Tuesday, the Canadian dollar was at US$0.9720 or
US$=C$1.0288 which compares with Monday’s North American close of
US$0.9723, or US$=C$1.0285.
The TSX was down 15.57 points Tuesday morning at 8:40 CDT, to sit
at 12,795.61.
