By Commodity News Service Canada
Winnipeg, April 8 – The Canadian dollar continued to climb against its US counterpart at midday Tuesday, as the effects of the Quebec election bolstered investors’ confidence.
Monday night’s election moved the separatist Parti Quebecois’s objectives off the political landscape.
The Bank of Japan’s decision to leave its monetary policy outlook unchanged, and to keep its interest rates steady, led traders away from the safety of the US greenback, said an analyst.
At 11:50 CDT Tuesday, the Canadian dollar was trading at US$0.9153 or US$1.1093, which compares with Monday’s North American close of US$0.9117, or US$=$1.1097.
At 11:50 CDT Tuesday, the Toronto Stock Exchange was up 60.15 points to sit at 14,330.48.
