By Commodity News Service Canada
Winnipeg, June 24 – The Canadian dollar was slightly lower against its US counterpart at midday Tuesday, after four days of gains prompted a correction.
The US Commerce Department issued a report showing home sales jumped 18.6% to their highest annual rate in a year-and-a-half.
The August gold contract gained $6.40 cents to US$1,324.80 an ounce, which was supportive. The July copper contract was unchanged. The August crude oil contract rose six cents to US$106.23 a barrel.
At 11:50 CDT Tuesday, the Canadian dollar was trading at US$0.9311 or US$1.0740, which compares with Monday’s North American close of US$0.9323, or US$=$1.0726.
At 11:50 CDT Tuesday, the Toronto Stock Exchange was down 16.23 points to sit at 15,089.40.
