By Commodity News Service Canada
Winnipeg, July 28 – The Canadian dollar saw minimal change on Monday ahead of a heavy slate of North American economic data coming this week, analysts say.
At 9:22 CDT Monday morning, the loonie was up 0.01 of a cent to US$0.9248 or US$1 = C$1.0814.
In the U.S. traders are looking to second quarter GDP data on Tuesday, which is expected to come in at an annualized pace of three per cent after a harsh winter caused a 2.9 per cent contraction in the first quarter.
On Wednesday, the Federal Reserve will make its scheduled announcement on interest rates. Traders will be looking for clues about whether the Federal Reserve could move on hiking interest rates earlier than the middle of 2015, which is generally expected.
Gross domestic products will be posted by Statistics Canada on Thursday. Economists are looking for a 0.3 per cent gain for the month of July.
The TSX was down 30.02 points to 15,425.02 at 9:22 CDT Monday morning.
