Canadian Forex Midday: C$ weakens

By Commodity News Service Canada

Winnipeg, MB, September 30, 2013 (CNS Canada) – The Canadian
dollar was weaker against its US counterpart at midday Tuesday,
undermined by the partial shutdown of the US government, industry
watchers said.
Weakness also came from Bank of Canada (BoC) Senior Deputy
Governor Tiff Macklem’s announcement that Canada’s gross domestic
product in the third and fourth quarters of this year will grow at a 2%
to 2.5% annual pace range. The BoC had originally forecast a gain of
3.8% for the third quarter and a 2.5% increase for the fourth quarter,
analysts said.
Losses seen in commodities, including gold, copper and crude oil,
added to the loonie’s bearish tone.
At 11:40 CDT Tuesday, the Canadian dollar was trading at US$0.9677
or US$1.0333, which compares with Monday’s North American close of
US$0.9706, or US$=$1.0303.
At 11:40 CDT Tuesday, the Toronto Stock Exchange was up 58.57
points to sit at 12,845.76.