Canadian dollar edges lower on U.S. economic concern

The Canadian dollar was down slightly versus the U.S. dollar on Thursday as nagging concerns about what impact a U.S. economic slowdown could have on the domestic economy overshadowed the benefit of lofty commodity prices.

Domestic bonds prices had no Canadian data to consider but were pinned lower across the curve after a U.S. jobless claims report gave dealers an excuse to book profits.

At 9:10 a.m. (1310 GMT), the Canadian unit was at C$1.0195 to the U.S. dollar, or 98.09 U.S. cents, down from C$1.0188 to the U.S. dollar, or 98.15 U.S. cents, at Wednesday's close.
The slide in the Canadian dollar pulled it further from the one-week high of C$1.0095 to the U.S. dollar, or 99.05 U.S. cents, that it reached on Wednesday.

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