Canadian Forex Midday: C$ weaker

By Commodity News Service Canada

Winnipeg, August 13 – The Canadian dollar was weaker against its
US counterpart at midday Tuesday, undermined by positive US retail
sales data, market watchers said.
According to analysts, US retail sales were up 0.2% in July,
making it the fourth consecutive month with an increase. The advance
added to ideas that the US Federal Reserve could begin slowing its
monetary stimulus as soon as September.
At 11:33 CDT Tuesday, the Canadian dollar was trading at US$0.9674
or US$1.0336, which compares with Monday’s North American close of
US$0.9706, or US$=$1.0303.
Losses in commodities, including gold and crude oil, added to the
loonie’s bearish tone.
At 11:33 CDT Tuesday, the Toronto Stock Exchange was up 19.45
points to sit at 12,613.72.