Canadian Forex Midday: C$ weakens close to a full cent

By Commodity News Service Canada

Winnipeg, October 23 – The Canadian dollar was significantly
weaker against its US counterpart at midday Wednesday, undermined by
concerns that China’s central bank could raise interest levels in the
near future, which would slow global economic growth, industry watchers
said.
Further weakness came from news that the Bank of Canada would keep
its overnight rate at 1%, analysts said.
Losses seen in commodities, including gold, copper and crude oil,
added to the bearish tone.
At 11:39 CDT Wednesday, the Canadian dollar was trading at
US$0.9630 or US$1.0384, which compares with Tuesday’s North American
close of US$0.9719, or US$=$1.0289.
At 11:39 CDT Wednesday, the Toronto Stock Exchange was up 40.74
points to sit at 13,288.80.