By Commodity News Service Canada
Winnipeg, February 10 – The Canadian dollar was slightly weaker
against its US counterpart at midday Monday, undermined by
disappointing Canadian economic data, industry watchers said.
Canada Mortgage and Housing Corp. said Canadian housing starts
were down 3.7% in January to an annual rate of 180,248 units.
Economists were expecting the annual rate to come in at 185,000 units.
However, gains seen in commodities, including crude oil and gold,
limited any further losses.
At 11:36 CST Monday, the Canadian dollar was trading at US$0.9053
or US$1.1046, which compares with Friday’s North American close of
US$0.9059, or US$=$1.1039.
At 11:36 CST Monday, the Toronto Stock Exchange was up 4.26 points
to sit at 13,790.76.
