By Commodity News Service Canada
Winnipeg, MB, July 6, 2015 (CNS Canada) – The Canadian dollar was slightly weaker against its US counterpart at midday Monday, as global concerns over the fate of the EU weighed down the loonie.
The loonie was at US$0.7918 or US$1 = C$1.2353 at 11:50 CDT Monday morning. Sunday’s referendum in Greece does not appear to have offered clarity as to where the cash-strapped country is supposed to turn next. As a sign of goodwill towards Greece’s creditors, the country’s finance minister handed in his resignation.
The Ivey Purchasing Managers Index was at 55.9. which suggested purchasing activity in Canada had increased since May.
On the commodity markets the August crude contract in New York decreased US$2.82 to US$540.11 a barrel. The August gold contract inched up US$4.00 to US$1,128.60 an ounce.
At 11:50 CDT Friday morning, the Toronto Stock Exchange was down 71.74 points to 14,610.65.
