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Resource News International, November, 2009

Byline: Dwayne Klassen, Resource News International

WINNIPEG, MB, Nov 05, 2009 (Resource News International via COMTEX) — The Canadian dollar finished Thursday’s North American trading session on a weaker footing versus the US dollar. Weakness in global crude oil futures and the reluctance of currency participants to take on risk allowed the Canadian dollar to drift to weaker ground, market watchers said.

The Canadian currency late in the afternoon was quoted at learn forex C$1.0659 (93.81 US cents). This compares with Wednesday’s late North American quote of $1.0620 (94.16 US cents).

Few market participants were will to take on new positions ahead of Friday’s employment figures for both the US and Canada, brokers said