By Commodity News Service Canada
Winnipeg, October 24 – The Canadian dollar was slightly higher against its US counterpart at midday Friday, as investors showed caution ahead of the weekend.
The first reading of third quarter GDP data in the US and August GDP data for Canada is expected to be released in the coming days.
As well, there is speculation about whether or not the US Federal Reserve will decide to postpone the purchase of a key stimulus program.
The December copper contract was little changed at US$3.04 a pound. The December crude oil contract dipped US$1.06 to hit US$81.03 a barrel. December gold rose US$1.70 to $1,230.80 an ounce.
At 11:50 CDT Friday, the Canadian dollar was trading at US$0.8908 or US$1.1226, which compares with Thursday’s North American close of US$0.8902, or US$=$1.1233.
At 11:50 CDT Friday, the Toronto Stock Exchange was up 62.29 points to sit at 14,544.88.
