By Commodity News Service Canada
Winnipeg, September 9 – The Canadian dollar was little changed Tuesday morning, as new housing data came in below expectations.
The Canada Mortgage and Housing Corporation reported that housing starts came in an annualized rate of 192,368 units last month. That was below earlier projections of 195,000 units. Statistics Canada reports that municipalities issued building permits worth C$9.2 billion in July, up 11.8 percent from June.
Meanwhile the looming vote on Scottish Independence continues to grab the market’s attention, particularly since a new poll showed that the gap between the yes and no sides has narrowed considerably.
On the commodity markets, the October crude oil contract gained US$0.99 to US$93.65 a barrel. December copper dropped two cents to US$3.15 a pound, which was bearish. December bullion rose $2.60 cents to US$1,256.90 an ounce.
At 8:35 CDT Tuesday, the Canadian dollar was at US$0.9181 or US$=C$1.0892 which compares with Monday’s North American close of US $0.9113, or US$=C$1.0973.
The TSX was down 60.53 points Tuesday morning at 8:35 CDT, to sit at 15,509.39.
