By Commodity News Service Canada
Winnipeg, January 31 – The Canadian dollar was stronger against
its US counterpart at midday Friday, underpinned by reports that
Canada’s deficit shrank in November 2013, industry watchers said.
According to the Finance Department, Canada posted a budget
deficit of C$613 million, narrowing from C$1.7 billion seen in November
2012.
However, losses seen in commodities, including crude oil and
copper, limited any further gains.
At 11:19 CST Friday, the Canadian dollar was trading at US$0.8995
or US$1.1117, which compares with Thursday’s North American close of
US$0.8956, or US$=$1.1166.
At 11:19 CST Friday, the Toronto Stock Exchange was up 68.88
points to sit at 13,666.40.
