By Commodity News Service Canada
Winnipeg, March 11 – The Canadian dollar eased against the US dollar at 11:54 CDT Tuesday, lifted by news that Canada and South Korea signed a free-trade agreement, analysts said.
At 11:54 CDT Tuesday, the Canadian dollar was trading at US$0.9014, or US$1=C$1.1109, which compares with Monday’s North American close of US$0.9008, or US$=C$1.1101.
Spillover support from the gains seen in gold was also supportive, though weakness in crude oil, due to concerns about Chinese economic growth, was bearish.
Friday’s bearish Canadian employment data, which showed a loss of 7,000 jobs in February, continued to overhang the Canadian dollar, brokers said.
The Toronto Stock Exchange was down 13.70 points, or 0.10%, at 11:54 CDT Tuesday, to sit at 14,288.36.
