Canadian Forex Midday: C$ significantly stronger

By Commodity News Service Canada

Winnipeg, October 17 – The Canadian dollar was significantly
stronger against its US counterpart at midday Thursday, underpinned by
Wednesday’s deal that ended the partial shutdown of the US government
and extended the debt ceiling, market watchers said.
Ideas that the 16 day government shutdown would likely cause the
US Federal Reserve to further delay slowing its monetary stimulus was
also bullish.
Losses seen in commodities, including crude oil and copper,
limited any further advances.
At 11:32 CDT Thursday, the Canadian dollar was trading at
US$0.9721 or US$1.03287, which compares with Wednesday’s North American
close of US$0.9677, or US$=$1.0334.
At 11:32 CDT Thursday, the Toronto Stock Exchange was up 29.13
points to sit at 12,986.34.