Canadian Forex Midday: C$ Strengthens

By Commodity News Service Canada

Winnipeg, July 29 – The Canadian dollar was stronger against its
US counterpart at midday Monday, underpinned by gains seen in
commodities, including gold, copper and crude oil, analysts said.
Traders were also positioning themselves ahead of three major
economic releases this week. Canada’s GDP data for May, second-quarter
GDP data for the US and the US Federal Reserve’s policy statement are
all scheduled for Wednesday.
At 11:35 CDT Monday, the Canadian dollar was trading at US$0.9743
or US$1.0263, which compares with Friday’s North American close of
US$0.9734, or US$=$1.0273.
At 11:35 CDT Monday, the Toronto Stock Exchange was down 6.20
points to sit at 12,654.04.