By Commodity News Service Canada
Winnipeg, September 23 – The Canadian dollar was stronger against
its US counterpart at midday Monday, as a lack of fresh economic news
has the loonie still seeing strength from the US Federal Reserve’s
decision not to slow its monetary stimulus last week, industry watchers
said.
Traders are awaiting Tuesday’s Statistics Canada release of retail
sales data for July, analysts said. Economists are expecting July sales
to increase 0.6%, following a disappointing 0.6% decline in June.
Losses seen in commodities, including copper, crude oil and gold,
limited any further advances.
At 11:33 CDT Monday, the Canadian dollar was trading at US$0.9726
or US$1.0281, which compares with Friday’s North American close of
US$0.9710, or US$=$1.0299.
At 11:33 CDT Monday, the Toronto Stock Exchange was up 7.54 points
to sit at 12,814.01.
