By Commodity News Service Canada
Winnipeg, November 26 – The Canadian dollar opened close to
unchanged against its US counterpart on Tuesday, with some strength
coming from gains seen in commodities, including gold and crude oil,
industry watchers said.
However, better-than-expected US housing data limited any further
gains, brokers said.
According to the US Department of Commerce, building permits were
up 6.2% in October to a seasonally adjusted rate of 1.034 million.
Economists expected the seasonally adjusted rate to increase to 930,000
for the month.
At 8:40 CST Tuesday, the Canadian dollar was at US$0.9481 or
US$=C$1.0547 which compares with Monday’s North American close of
US$0.9480, or US$=C$1.0548.
No major Canadian economic data is scheduled to be released on
Tuesday.
The TSX was down 30.50 points Tuesday morning at 8:40 CST, to sit
at 13,441.72.
