By Commodity News Service Canada
Winnipeg, September 8 – The Canadian dollar was lower Monday morning, as concern increased over how the Scottish referendum on independence may turn out.
A new poll shows rising support for Scottish Independence.
Meanwhile the market continues to feel pressure from jobs data last week that showed Canada lost 11,000 jobs in August. The news is being questioned though by some traders who point to a clerical error StatsCan made last month involving job growth.
There is also speculation the US Federal Reserve may hike interest rates around the middle of next year.
On the commodity markets, the July crude oil contract dropped $0.82 cents to US$92.47 a barrel. July copper rose four cents to US$3.20 a pound, which was supportive. August bullion fell $0.20 cents to US$1,267.10 an ounce.
At 8:50 CDT Monday, the Canadian dollar was at US$0.9164 or US$=C$1.0912 which compares with Friday’s North American close of US $0.9190, or US$=C$1.0881.
The TSX was down 4.87 points Monday morning at 8:50 CDT, to sit at 15,565.05.
