By Commodity News Service Canada
Winnipeg, June 11 – The Canadian dollar was up slightly Wednesday morning, as commodities including gold and oil continue to make gains.
Faltering talks over Ukraine’s gas payments to Russia are also underpinning the market, say analysts.
The World Bank is cutting its 2014 growth forecast to 2.8 percent, from 3.2 percent.
On the commodity markets, the July crude oil contract rose 14 cents to US$104.49 a barrel. July copper dropped two cents to US$3.04 a pound, which was bearish. August bullion gained $4.10 cents to US$1,264.20 an ounce, which was bullish.
At 8:40 CDT Wednesday, the Canadian dollar was at US$0.9195 or US$=C$1.0875 which compares with Tuesday’s North American close of US $0.9171, or US$=C$1.0904.
The TSX was up 33.17 points Wednesday morning at 8:40 CDT, to sit at 14,904.38.
