Canadian Forex Midday: C$ stronger

By Commodity News Service Canada

Winnipeg, August 14 – The Canadian dollar was stronger against its
US counterpart at midday Wednesday, supported by favourable Canadian
economic data, market watchers said.
According to the Teranet-National Bank Composite House Price
Index, Canadian home prices were up 0.7% in July from a month earlier.
Additional strength came from underwhelming US producer price
data. US wholesale prices were flat in July, after a 0.8% increase in
June, the US Department of Labour said.
At 11:34 CDT Wednesday, the Canadian dollar was trading at
US$0.9683 or US$1.0327, which compares with Tuesday’s North American
close of US$0.9668, or US$=$1.0343.
Gains in commodities, including copper and gold, added to the
loonie’s bullish tone.
At 11:34 CDT Wednesday, the Toronto Stock Exchange was up 10.66
points to sit at 12,652.85.