By Commodity News Service Canada
Winnipeg, May 31 – The Canadian dollar was slightly lower
against its American counterpart on Wednesday, tracking losses in
crude oil, natural gas and silver.
The loonie did receive support from the latest GDP numbers.
Household spending rose 3.7 per cent in the first three months of
the year. Construction and the surging real estate market in Ontario
were cited as some of the key reasons behind the strong showing.
At 8:58 CDT Wednesday morning the Canadian dollar was at
US$0.7419 or C$1.3479 which compares with Tuesday’s North American
close of US$0.7437 or C$1.3446.
At 8:58 CDT Wednesday morning, the TSX was down 9.39 points,
or 0.06%, at 15,362.96.
Kinder Morgan Canada shares disappointed investors on their
initial public offering Tuesday. The new shares were expected to hit
C$17 but closed at C$16.24.
