Canadian Forex Midday: C$ weakens

By Commodity News Service Canada

Winnipeg, November 19 – The Canadian dollar was weaker against its
US counterpart at midday Tuesday, as a lack of fresh Canadian and US
economic news has traders looking ahead to Wednesday’s release of
minutes from the US Federal Reserve’s October policy meeting, market
watchers said.
A report from the Organization for Economic Cooperation and
Development provided some weakness, as it cut its 2014 forecast for
global growth to 3.6% from 4% in an earlier report, brokers said.
However, gains seen in commodities, including gold and copper,
limited any further losses.
At 11:36 CST Tuesday, the Canadian dollar was trading at US$0.9552
or US$1.0469, which compares with Monday’s North American close of
US$0.9586, or US$=$1.0432.
At 11:36 CST Tuesday, the Toronto Stock Exchange was up 31.72
points to sit at 13,489.78.