By Commodity News Service Canada
Winnipeg, September 29 – The Canadian dollar was slightly firmer against its US counterpart at midday Monday, as markets sustained a series of jolts on speculation the US Federal Reserve may raise interest rates.
New data shows the US economy rose at an annual rate of 4.6 percent in the spring. Analysts are hoping job growth will mirror that advance when the next employment numbers come out.
Statistics Canada is scheduled to release Canadian job figures on October 10.
EnCana Corp. has announced it’s buying Athlon Energy in a deal worth $7.9 billion.
The December copper contract was up two cents at US$3.05 a pound. The November crude oil contract rose by 27 cents to hit US$93.80 a barrel. December gold rose US$3.80 to $1,219.20 an ounce.
At 11:40 CDT Monday, the Canadian dollar was trading at US$0.8972 or US$1.1146, which compares with Friday’s North American close of US$0.8965, or US$=$1.1155.
At 11:40 CDT Monday, the Toronto Stock Exchange was down 75.50 points to sit at 14,997.21.
