By Commodity News Service Canada.
Winnipeg, September 22 – The Canadian dollar was lower relative to its US counterpart at midday Tuesday, tracking losses in gold and crude oil.
The Canadian dollar was at US$0.7532 or US$1 = C$1.3276 at 11:35 CDT Tuesday.
A French oil company is selling its stake in a project in the northern Alberta oilsands. Total announced it has given up its position in the Fort Hills oilsands project initiated by Suncor.
Investors will be keenly watching for the release of North American retail sales data, expected later this week.
On the commodity markets the November crude contract in New York dropped US$1.06 to US$45.90 a barrel. The December gold contract fell US$8.00 to US$1,124.80 an ounce.
At 11:35 CDT Tuesday, the Toronto Stock Exchange was down 287.49 points to 13,491.95.
