By Commodity News Service Canada
Winnipeg, April 7 – The Canadian dollar was up slightly against its US counterpart at midday Monday, as questions remain about the state of the Canadian economy.
The Bank of Canada’s quarterly survey showed company confidence was the highest it’s been in two years.
However the report says many companies feel competition has limited their ability to pass on higher input costs to consumers.
Investors consolidated positions, giving back some of the gains from last week, said an analyst.
At 11:45 CDT Monday, the Canadian dollar was trading at US$0.9117 or US$1.1097, which compares with Friday’s North American close of US$0.9107, or US$=$1.1098.
At 11:45 CDT Monday, the Toronto Stock Exchange was down 133.21 points to sit at 14,259.89.
