By Commodity News Service Canada
Winnipeg March 12 – The Canadian dollar dropped below 90 cents US
Wednesday in the face of worries over Chinese growth.
New data showed Chinese exports dropping 18 per cent in February
while officials approved a possible credit default. Weakening prices
for copper and oil contributed to the pressure as well, as concerns
over the situation between Russia and Ukraine.
There was no significant Canadian economic data today.
At 9:05 CDT Wednesday, the Canadian dollar was at US$0.8978 or
US$=C$1.1138 which compares with Tuesday’s North American close of US
$0.9007, or US$=C$1.1103.
The TSX was down 54.85 points Wednesday morning at 9:05 CDT, to
sit at 14,212.38.
