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Canadian Forex Midday: C$ higher

| 1 min read

By Commodity News Service Canada

Winnipeg, September 9 – The Canadian dollar was higher against its
US counterpart at midday Monday, underpinned by stronger-than-expected
building permits data, industry watchers said.
According to a Statistics Canada report, building permits were up
20.7% in July, which was significantly higher than the 3.5% gain that
economists were expecting.
Further strength came from gains seen in commodities, including
gold and copper.
At 11:40 CDT Monday, the Canadian dollar was trading at US$0.9643
or US$1.0370, which compares with Friday’s North American close of
US$0.9607, or US$=$1.0409.
At 11:40 CDT Monday, the Toronto Stock Exchange was up 10.04
points to sit at 12,830.96.