Canadian Forex Midday: C$ stronger

By Commodity News Service Canada

Winnipeg, August 6 – The Canadian dollar was stronger against its
US counterpart at midday Tuesday, supported by positive Canadian trade
data released in the morning, market analysts said.
According to Statistics Canada, the country’s trade deficit
narrowed to C$469 million in June from C$781 million in May. Economists
had originally expected Canada’s deficit to widen in June. Merchandise
exports were up 1.4% and imports grew 0.6%, the report said.
At 11:42 CDT Tuesday, the Canadian dollar was trading at US$0.9637
or US$1.0376, which compares with Friday’s North American close of
US$0.9625, or US$=$1.0390.
Losses in commodities, including crude oil, gold and copper,
limited the loonie’s gains.
At 11:42 CDT Tuesday, the Toronto Stock Exchange was down 157.30
points to sit at 12,445.95.