Canadian Forex Midday: C$ flat

By Commodity News Service Canada

Winnipeg, MB, August 23, 2013 (CNS Canada) – The Canadian dollar
was flat against its US counterpart at midday Friday, with some losses
coming from weaker-than-expected Canadian consumer price index data,
industry watchers said.
According to Statistics Canada, core inflation on a year-over-year
basis in July was 1.4%, which was much lower than the 2% forecast the
Bank of Canada had made.
However, gains seen in commodities, including gold, copper and
crude oil, helped to limit the loonie’s losses.
At 11:28 CDT Friday, the Canadian dollar was trading at US$0.9505
or US$1.0520, which compares with Thursday’s North American close of
US$0.9509, or US$=$1.0516.
At 11:28 CDT Friday, the Toronto Stock Exchange was up 84.31
points to sit at 12,758.66.