Canadian Forex Midday: C$ weakens

By Commodity News Service Canada

Winnipeg, September 24 – The Canadian dollar was weaker against
its US counterpart at midday Tuesday, undermined by losses seen in
commodities, including gold, copper and crude oil, industry watchers
said.
However, losses were limited by strong Canadian economic data,
analysts said. According to Statistics Canada, retail sales were up
0.6% in July to C$40.3 billion. The gain was what economists’ had
forecast and was significantly higher than June’s 0.6% decrease.
At 11:39 CDT Tuesday, the Canadian dollar was trading at US$0.9714
or US$1.0294, which compares with Monday’s North American close of
US$0.9723, or US$=$1.0285.
At 11:39 CDT Tuesday, the Toronto Stock Exchange was up 49.93
points to sit at 12,861.11.