Canadian Forex Midday: C$ weaker

By Commodity News Service Canada

Winnipeg, August 16 – The Canadian dollar was weaker against its
US counterpart at midday Friday, undermined by disappointing Canadian
economic data, industry watchers said.
According to Statistics Canada, manufacturing sales declined 0.5%
in June, which was much lower than the 0.3% increase economists had
forecast.
Adding to the Canadian dollar’s bearish tone was news that US
housing starts were up 5.9% in July.
At 11:40 CDT Friday, the Canadian dollar was trading at US$0.9663
or US$1.0348, which compares with Thursday’s North American close of
US$0.9705, or US$=$1.0304.
Gains seen in commodities, including gold, crude oil and copper,
helped to limit the loonie’s weakness on Friday.
At 11:40 CDT Friday, the Toronto Stock Exchange was up 72.64
points to sit at 12,777.16.