Canadian Forex Midday: C$ down over half a cent

By Commodity News Service Canada

Winnipeg, August 1 – The Canadian dollar was significantly weaker
against its US counterpart at midday Thursday, undermined by an
expected drop in the US jobless rate which is set to be released
tomorrow, market watchers said.
Analysts predict the US economy created approximately 185,000 jobs
in July, with the jobless rate expected to fall to 7.5% from 7.6% in
June.
The positive economic news could give the US Federal Reserve a
stronger case for slowing monetary stimulus.
At 11:37 CDT Thursday, the Canadian dollar was trading at
US$0.9671 or US$1.0340, which compares with Wednesday’s North American
close of US$0.9735, or US$=$1.0272.
At 11:37 CDT Thursday, the Toronto Stock Exchange was up 102.35
points to sit at 12,588.99.