Canadian Forex Midday: C$ strengthens

By Commodity News Service Canada

Winnipeg, September 11 – The Canadian dollar strengthened against
its US counterpart at midday Wednesday, as a lack of fresh economic
news has the loonie continuing its gains seen this week, industry
watchers said.
According to analysts, the Canadian’s dollars bullish tone also
came from easing concerns of a possible US military strike against
Syria. President Barack Obama asked congress on Tuesday to postpone its
vote for military action in hopes that Syria will hand over its
chemical weapons to international control.
Gains seen in commodities, including copper and crude oil, added
to the loonie’s strength.
At 11:35 CDT Wednesday, the Canadian dollar was trading at
US$0.9678 or US$1.0332, which compares with Tuesday’s North American
close of US$0.9664, or US$=$1.0348.
Traders are looking ahead to next week’s US Federal Reserve policy
meeting to see if the Fed will decide to slow its monetary stimulus,
brokers said.
At 11:35 CDT Wednesday, the Toronto Stock Exchange was down 22.57
points to sit at 12,801.91.