By Commodity News Service Canada
Winnipeg, September 11 – The Canadian dollar was slightly lower against its US counterpart at midday Thursday, as the country’s New Housing Price Index failed to post a gain for the first time in 2014.
According to a report from Statistics Canada, the index for July remained unchanged from June. This compared to a 0.2 percent increase in the previous month. The index is seen as a general indicator of housing growth by some analysts.
China’s consumer inflation sagged in August raising questions about whether the country may try to shore up its economic growth.
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Unemployment claims in the US rose to 315,000. That is the largest number of claims in 10 weeks, according to a report.
The December copper contract fell three cents at US$3.08 a pound. The October crude oil contract dropped US$1.09 to US$90.58 a barrel. December gold fell US$1.70 to $1,243.60 an ounce.
At 11:55 CDT Thursday, the Canadian dollar was trading at US$0.9061 or US$1.0363, which compares with Wednesday’s North American close of US$0.9145, or US$=$1.0935.
At 11:55 CDT Thursday, the Toronto Stock Exchange was up 39.01 points to sit at 15,510.90.
