By Commodity News Service Canada
Winnipeg, March 10 – The Canadian dollar eased against the US dollar at 11:39 CDT Monday, following the declines seen in crude oil values due to disappointing Chinese trade data, analysts said.
At 11:39 CDT Monday, the Canadian dollar was trading at US$0.9004, or US$1=C$1.1106, which compares with Friday’s North American close of US$0.9017, or US$=C$1.1090.
Friday’s disappointing Canadian employment data, which showed the economy lost jobs in February, continued to be bearish for the loonie.
However, positive Canadian housing data helped to limit the downside. Canadian housing starts were at a seasonally adjusted annual rate of 192,094 in February, beating expectations of 190,000, Canada Mortgage and Housing Corporation said.
The Toronto Stock Exchange was down 16.95 points, or 0.12%, at 11:39 CDT Monday, to sit at 14,282.13.
