By Commodity News Service Canada
Winnipeg, June 22 – The Canadian dollar was lower against its US counterpart at midday Monday, due to setbacks in crude oil, the gold sector and international developments.
The loonie was at US$0.8113 or US$1 = C$1.2232 at 11:40 CDT Monday morning. A lack of domestic data means the loonie will likely stay in line with overall risk sentiment driven by developments in Greece.
The slide in oil prices is related to the Greek crisis, an analyst said, along with fears companies have over-supplied the market.
A new report says housing affordability fell in Toronto and Vancouver during the first quarter of 2015.
On the commodity markets the August crude contract in New York decreased US$0.29 to US$59.68 a barrel. The August gold contract dipped 18.70 to US$1,183.20 an ounce.
At 11:40 CDT Monday morning, the Toronto Stock Exchange was up 147.85 points to 14,800.97.
