By Commodity News Service Canada
Winnipeg, April 22 – The Canadian dollar was higher against its US counterpart at midday Wednesday, as investors waited for the Federal government to unveil the budget.
The loonie was at US$0.8171 or US$1 = C$1.2238 at 11:50 CDT Wednesday morning.
A new survey says Canada’s economy will pick up steam in the second part of 2015 but it may not be as fast as some analysts have forecast.
A tax cut in the 2015 Canadian Federal budget will save small businesses between $1,500 and $25,000 over the next four years, according to the Canadian Federation of Business (CFIB).
On the commodity markets the April crude contract in New York dipped US$0.24 to US$56.37 a barrel. The April gold contract fell US$14.80 to US$1,188.30 an ounce.
At 11:50 CDT Wednesday morning, the Toronto Stock Exchange was down 64.20 points to 15,282.24.
