Canadian Forex Midday: C$ weakens

By Commodity News Service Canada

Winnipeg, September 20 – The Canadian dollar was weaker against
its US counterpart at midday Friday, undermined by unfavourable
Canadian economic data, market watchers said.
Statistics Canada reported that the consumer price index was up
only 1.1% on a year-over-year basis in August, following a 1.3% gain in
July.
Losses seen in commodities, including copper, gold and crude oil,
added to the loonie’s bearish tone.
At 11:33 CDT Friday, the Canadian dollar was trading at US$0.9717
or US$1.0291, which compares with Thursday’s North American close of
US$0.9745, or US$=$1.0262.
At 11:33 CDT Friday, the Toronto Stock Exchange was down 61.23
points to sit at 12,865.55.