By Commodity News Service Canada
Winnipeg, April 9 – The Canadian dollar was little changed against its US counterpart at midday Thursday, despite a rise in crude oil futures.
The loonie was at US$0.7951 or US$1 = C$1.2516 at 11:45 CDT Thursday morning.
Canadian plane and train maker, Bombardier, announced a management shakeup on Thursday. Fred Cromer, former president of aircraft leasing company International Lease Finance Corp, has been named as the company’s new commercial aircraft president.
A report from HSBC says the impact from lower oil prices could be even more pronounced than initially through, according to a report.
U.S crude is predicted to average $53.6 a barrel in 2015.
On the commodity markets the April crude contract in New York rose US$0.64 to US$51.06 a barrel. The April gold contract dropped US$7.70 to US$1,195.40 an ounce.
At 11:45 CDT Thursday morning, the Toronto Stock Exchange was up 131.37 points to 15,344.97.
