By Commodity News Service Canada
Winnipeg, May 14 – The Canadian dollar was up slightly against its US counterpart at midday Wednesday, on the back of rising commodity prices.
The TSX gold sector advanced one percent while June bullion jumped $10.20 to US$1,305 an ounce.
The energy sector was up 0.38 per cent and the June crude oil contract gained 74 cents to US$102.44 a barrel which was bullish.
Base metals rose 0.45 percent which was supportive.
At 11:50 CDT Wednesday, the Canadian dollar was trading at US$0.9192 or US$1.0879, which compares with Tuesday’s North American close of US$0.9166, or US$=$1.0910.
At 11:50 CDT Wednesday, the Toronto Stock Exchange was up 10.13 points to sit at 14,689.94.
