By Commodity News Service Canada
Winnipeg, November 15 – The Canadian dollar was stronger against
its US counterpart at midday Friday, underpinned by stronger-than-
expected Canadian economic data, industry watchers said.
According to Statistics Canada, manufacturing sales were up 0.6%
in September, beating trade expectations of a 0.5% increase.
Gains seen in commodities, including gold and copper, added to the
bullish tone.
However, further advances were limited by disappointing home sales
data, participants said. The Canadian Real Estate Association reported
that sales of existing homes were down 3.2% in October.
At 11:34 CST Friday, the Canadian dollar was trading at US$0.9563
or US$1.0456, which compares with Thursday’s North American close of
US$0.9553, or US$=$1.0468.
At 11:34 CST Friday, the Toronto Stock Exchange was up 44.32
points to sit at 13,475.70.
