By Commodity News Service Canada
Winnipeg, January 17 – The Canadian dollar was weaker against its
US counterpart at midday Friday, as the US dollar once again moved
towards resistance seen at the key technical level of C$1.1000, market
watchers said.
Losses seen in commodities, including copper and crude oil, added
to the bearish tone.
Traders are also looking ahead to next Wednesday, when the Bank of
Canada makes its next interest rate announcement.
At 11:20 CST Friday, the Canadian dollar was trading at US$0.9120
or US$1.0964, which compares with Thursday’s North American close of
US$0.9153, or US$=$1.0925.
At 11:20 CST Friday, the Toronto Stock Exchange was up 60.62
points to sit at 13,892.20.
