By Commodity News Service Canada
Winnipeg, December 10 – The Canadian dollar was stronger against
its US counterpart at midday Tuesday, as the loonie is expected to
remain in a narrow trading range due to a lack of fresh economic news,
industry watchers said.
The Canadian dollar was supported by strong commodity prices, as
gold, copper and crude oil were all up at midday.
However, ideas that the US Federal Reserve could slow its monetary
stimulus in the near-term limited any further gains.
At 11:35 CST Tuesday, the Canadian dollar was trading at US$0.9416
or US$1.0620, which compares with Monday’s North American close of
US$0.9403, or US$=$1.0635.
At 11:35 CST Tuesday, the Toronto Stock Exchange was up 41.55
points to sit at 13,354.33.
