Canadian Forex Midday: C$ weakens

By Commodity News Service Canada

Winnipeg, January 27 – The Canadian dollar was weaker against its
US counterpart at midday Monday, as a lack of fresh economic indicators
had the loonie trading up and down during the morning, industry
watchers said.
Losses seen in commodities, including gold, copper and crude oil,
added to the bearish tone.
Traders are also positioning themselves ahead of the US Federal
Reserve’s interest rate announcement on Wednesday. The Fed will also
discuss whether to taper their monthly bond-buying program again.
At 11:26 CST Monday, the Canadian dollar was trading at US$0.9010
or US$1.1098, which compares with Friday’s North American close of
US$0.9031, or US$=$1.1073.
At 11:26 CST Monday, the Toronto Stock Exchange was down 189.31
points to sit at 13,528.45.