By Commodity News Service Canada
Winnipeg, November 28 – The Canadian dollar moved higher against
its US counterpart at midday Thursday, underpinned by favourable
Canadian economic data, industry watchers said.
Statistics Canada reported that the current deficit narrowed by
C$0.5 billion to C$15.5 billion in the third-quarter of 2013.
Strength seen in commodities, including gold and copper, added to
the bullish tone.
However, news that Canada’s Industrial Product Price Index (IPPI)
declined by 0.3% in October limited any further gains.
At 11:30 CST Thursday, the Canadian dollar was trading at
US$0.9445 or US$1.0587, which compares with Wednesday’s North American
close of US$0.9438, or US$=$1.0595.
At 11:30 CST Thursday, the Toronto Stock Exchange was up 19.41
points to sit at 13,381.47.
