Canadian Forex Midday: C$ moves significantly lower

By Commodity News Service Canada

Winnipeg, January 14 – The Canadian dollar moved significantly
lower against its US counterpart at midday Tuesday, falling more than
half a cent amid stronger-than-expected US economic data, industry
watchers said.
According to the US Department of Commerce, retail sales were up
0.2% in December, beating economists’ expectations of a 0.1% increase.
Losses seen in commodities, including gold and copper, added to
the loonie’s bearish tone.
At 11:22 CST Tuesday, the Canadian dollar was trading at US$0.9147
or US$1.0932, which compares with Monday’s North American close of
US$0.9220, or US$=$1.0846.
At 11:22 CST Tuesday, the Toronto Stock Exchange was up 52.64
points to sit at 13,734.12.