Canadian Forex Midday: C$ strengthens

By Commodity News Service Canada

Winnipeg, February 4 – The Canadian dollar was stronger against
its US counterpart at midday Tuesday, underpinned by growing optimism
that the Keystone XL pipeline could get US approval, industry watchers
said.
Further strength came from reports that Canada will see increased
growth in its economy in 2014, participants said. According to the
International Monetary Fund, Canada’s economy is expected to grow by
2.2% this year, up from 1.7% last year.
Gains seen in commodities, including crude oil and copper, added
to the bullish tone.
At 11:30 CST Tuesday, the Canadian dollar was trading at US$0.9038
or US$1.1064, which compares with Monday’s North American close of
US$0.9011, or US$=$1.1097.
At 11:30 CST Tuesday, the Toronto Stock Exchange was down 7.45
points to sit at 13,478.75.