By Commodity News Service Canada
Winnipeg, September 11 – The Canadian dollar was relatively
unchanged against its US counterpart on Monday morning, as traders
searched for direction following a weekend of chaos in Florida due
to Hurricane Irma.
The loonie took strength from higher housing starts in August.
According to the Canada Mortgage and Housing Corporation, housing
starts in Canada rose 0.6% to a seasonally adjusted annual rate of
223,232 units in August.
Elsewhere, losses in gold bullion and crude oil prices were
bearish for the commodity-backed currency.
At 9:25 CDT Monday morning the Canadian dollar was at US$0.8238
or C$1.2139 which compares with Friday’s North American close of
US$0.8243 or C$1.2132.
At 9:25 CDT Monday morning, the TSX was up 70.64 points, or
0.47%, at 15,055.96.
