Canadian dollar lower: commodities mixed, traders look to U.S. housing data - InfoNews

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Canadian dollar lower: commodities mixed, traders look to U.S. housing data

December 30, 2013 - 5:33 AM

TORONTO - The Canadian dollar was slightly lower Monday in quiet holiday trading.

The loonie was off 0.08 of a cent to 93.34 cents US amid a dearth of Canadian economic news.

But markets will take in U.S. data on pending home sales for November later in the morning.

Economists forecast the gauge from the National Association of Realtors will show a rise of one per cent after a 0.6 per cent drop in October. An increase would come after five months of declines.

Later in the week, they will take in the latest readings on house prices, consumer confidence and the American manufacturing sector.

Commodity prices were mixed with February crude on the New York Mercantile Exchange down 56 cents to US$99.76 a barrel.

March copper on the Nymex was off a penny to US$3.38 a pound while February bullion lost $9.80 to US$1,204.20 an ounce.

News from © The Canadian Press, 2013
The Canadian Press

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