Canadian Forex Midday: C$ Higher

By Commodity News Service Canada

Winnipeg, July 19 – The Canadian dollar was higher than its US
counterpart at midday Friday, underpinned by new Canadian data showing
that inflation was under control in June, market watchers said.
According to Statistics Canada, core inflation rose by 1.3 percent
on a year-over-year basis in June. Despite it being below the Bank of
Canada’s target of two percent, it was still 0.5 percent higher than
the previous month.
The loonie found additional support from commodities, as crude
oil, copper and gold were all higher at midday Friday.
At 11:50 CDT Friday, the Canadian dollar was trading at US$0.9651
or US$1.0361, which compares with Thursday’s North American close of
US$0.9638, or US$=$1.0376.
At 11:50 CDT Friday, the Toronto Stock Exchange was up 26.40
points to sit at 12,655.25.