By Commodity News Service Canada
Winnipeg, October 15 – The Canadian dollar was weaker against its
US counterpart at midday Tuesday, undermined by the partial shutdown of
the US government and the fast approaching debt deadline on Thursday,
market watchers said.
Losses seen in commodities, including gold, copper and crude oil,
added to the loonie’s bearish tone.
However, losses were limited by weaker-than-expected US economic
data, analysts said. New York Federal Reserve’s manufacturing
purchasing managers’ index fell from 6.29 in September to 1.52 in
October. Economists expected the index to rise to 7.00.
At 11:32 CDT Tuesday, the Canadian dollar was trading at US$0.9639
or US$1.0374, which compares with Friday’s North American close of
US$0.9658, or US$=$1.0354.
At 11:32 CDT Tuesday, the Toronto Stock Exchange was down 2.46
points to sit at 12,889.65.
