By Commodity News Service Canada
Winnipeg, October 22 – The Canadian dollar was higher
against its US counterpart at midday Wednesday, after the
Bank of Canada announced in a briefing note that it would
not hike the interest rate.
The central bank also dropped any reference to taking
a neutral stance on interest rates going forward. A news
conference had been scheduled to take place today but was
cancelled after the shooting of a Canadian soldier in
Ottawa.
The December copper contract fell one cent at US$3.02
a pound. The December crude oil contract rose 29 cents to
hit US$82.78 a barrel. December gold dipped US$8.30 to
$1,243.40 an ounce.
At 11:50 CDT Wednesday, the Canadian dollar was
trading at US$0.8921 or US$1.1210, which compares with
Tuesday’s North American close of US$0.8906, or
US$=$1.1228.
At 11:50 CDT Wednesday, the Toronto Stock Exchange was
down 115.95 points to sit at 14,431.76.
