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Canadian Forex Midday: C$ weakens

| 1 min read

By Commodity News Service Canada

Winnipeg, October 9 – The Canadian dollar was weaker against its
US counterpart at midday Wednesday, undermined by the continued partial
shutdown of the US government, industry watchers said.
Losses seen in commodities, including gold, copper and crude oil,
added to the bearish tone.
At 11:26 CDT Wednesday, the Canadian dollar was trading at
US$0.9619 or US$1.0396, which compares with Tuesday’s North American
close of US$0.9645, or US$=$1.0368.
With a lack of fresh economic news on Wednesday, traders are
looking ahead to Friday’s Canadian jobs report for September. According
to economists, it’s expected that the economy created 13,500 jobs
during the month.
At 11:26 CDT Wednesday, the Toronto Stock Exchange was up 14.11
points to sit at 12,706.52.