Canadian Forex Midday: C$ up over half a cent

By Commodity News Service Canada

Winnipeg, August 8 – The Canadian dollar was significantly
stronger against its US counterpart at midday Thursday, underpinned by
favourable export data coming out of China, market watchers said.
According to analysts, Chinese exports for July were better-than-
expected, increasing 5.1% after a 3.1% drop in June.
Gains in commodities, including gold and copper, added to the
loonie’s strength.
At 11:40 CDT Thursday, the Canadian dollar was trading at
US$0.9682 or US$1.0328, which compares with Wednesday’s North American
close of US$0.9594, or US$=$1.0423.
Traders are looking ahead to Canada’s monthly job report set to be
released on Friday. Economists are forecasting that the Canadian
economy created 10,000 jobs in July.
At 11:40 CDT Thursday, the Toronto Stock Exchange was up 91.96
points to sit at 12,504.69.