By Commodity News Service Canada
Winnipeg, November 16 – The Canadian dollar was relatively unchanged compared to its US counterpart Wednesday morning, as gains in gold bullion were offset by losses in oil prices.
At 8:50 CST, the loonie was up 0.0007 of a cent to US$0.7433 or US$1=C$1.3454.
At 8:50 CST Wednesday morning, the TSX was down 56.27 points, or 0.38%, at 14,700.01.
The global bond market has been heavily pressured by fears over higher debt and inflation. Some estimates put the losses over US$1 trillion.
Improved sales and lower restructuring charges have given Loblaws a boost in its third-quarter profits. The company says it earned C$419 million or C$1.03 a share.
