By Commodity News Service Canada
Winnipeg, November 4 – The Canadian dollar was slightly stronger
against its US counterpart at midday Monday, underpinned by strong
Canadian economic data from the previous week, industry watchers said.
Expectations that Friday’s Canadian jobs report will show growth
added to the bullish tone. According to economists, it’s expected the
Statistics Canada report will show that 11,000 jobs were created during
October.
However, losses seen in commodities, including crude oil and
copper, limited further gains.
At 11:26 CST Monday, the Canadian dollar was trading at US$0.9596
or US$1.0421, which compares with Friday’s North American close of
US$0.9590, or US$=$1.0427.
At 11:26 CST Monday, the Toronto Stock Exchange was down 9.15
points to sit at 13,328.31.
