By Commodity News Service Canada
Winnipeg, September 15 – The Canadian dollar was little changed
against its US counterpart on Friday morning, as declines in gold
and crude oil offset weakness in the American greenback.
A report by Capital Economics suggests the loonie will lose
strength between now and the remainder of the calendar year.
Canadian retail giant Roots is preparing for an IPO. The clothing
maker is looking to get as much as C$200 million through the move.
The offering will happen in late September.
At 9:03 CDT Friday morning the Canadian dollar was at US$0.8216
or C$1.2171 which compares with Thursday’s North American close of
US$0.8205 or C$1.2187.
At 9:03 CDT Friday morning, the TSX was down 24.43 points, or
0.16%, at 15,148.29.
