By Commodity News Service Canada
Winnipeg, October 20 – The Canadian dollar was slightly higher against its US counterpart at midday Monday, as new sales numbers buoyed the loonie.
Wholesale sales rose during August. Sales of machinery, equipment, and other supplies helped the sector rise up 0.2 percent to C$53.1 billion for the month. That number rises to 1 percent if you take out motor vehicles and parts.
The Bank of Canada is scheduled to deliver its next interest rate statement on Wednesday.
The December copper contract lost three cents at US$2.97 a pound. The November crude oil contract fell $0.73 to hit US$82.02 a barrel. December gold jumped US$5.70 to $1,244.70 an ounce.
At 11:40 CDT Monday, the Canadian dollar was trading at US$0.8861 or US$1.1285, which compares with Friday’s North American close of US$0.8868, or US$=$1.1277.
At 11:40 CDT Monday, the Toronto Stock Exchange was up 72.13 points to sit at 14,299.81.
