By Commodity News Service Canada
WINNIPEG, Sept. 22 The Canadian dollar was down sharply relative to the US dollar Monday morning, following weakness in commodities and other commodity-based currencies, analysts said.
At 9:03 CDT Monday the Canadian dollar was at US$0.9091 or US$=C$1.1100, which compares with Friday’s North American close of US$0.9135 or US$=C$1.0947.
Bank of Canada Governor Stephen Poloz said Canada’s recent consumer price jump was only temporary at a meeting over the weekend, which was also bearish.
Traders were awaiting a speech from Bank of Canada senior deputy governor Carolyn Wilkins later Monday, as she is expected to talk about Canada’s “new economic reality.”
The TSX was down 27.80 points, or 0.18%, at 9:03 CDT Monday morning to sit at 15,237.55.
