Canadian Forex Midday: C$ strengthens

By Commodity News Service Canada

Winnipeg, January 24 – The Canadian dollar was stronger against
its US counterpart at midday Friday, underpinned by Canadian economic
data that was in line with trade expectations, market watchers said.
According to Statistics Canada, Canada’s core inflation on a year-
over-year basis in December was 1.2%, which was what economists were
expecting.
However, losses seen in commodities, including copper and crude
oil, limited any further gains.
At 11:13 CST Friday, the Canadian dollar was trading at US$0.9036
or US$1.1066, which compares with Thursday’s North American close of
US$0.9010, or US$=$1.1099.
At 11:13 CST Friday, the Toronto Stock Exchange was down 210.04
points to sit at 13,722.93.