By Commodity News Service Canada
Winnipeg, November 18 – The Canadian dollar was little changed against its US counterpart Tuesday morning, as new data indicated there was still confidence in Europe’s economic future, despite hints of a recession.
A string of tepid reports out of Germany recently suggested that country could slip into recession which sparked a selloff on stock markets.
The ZEW institute reported its confidence index rose by 15.1 points in November.
On the commodity markets, December bullion gained $13.10 to US$1,196.60 an ounce while copper prices fell four cents to US$3.00 a pound. The December crude oil contract fell US$0.18 to US$75.46 a barrel.
At 8:50 CST Tuesday, the Canadian dollar was at US$0.8843 or US$=C$1.1308 which compares with Monday’s North American close of US $0.8853, or US$=C$1.1296.
The TSX was up 86.01 points Tuesday morning at 8:50 CST, to sit at 14,968.51.
