By Commodity News Service Canada
Winnipeg, April 25 – The Canadian dollar was down slightly against its US counterpart at midday Friday, as the turbulent situation in Ukraine backed off nervous investors.
Canadian Oil Sands Ltd. lowered its production estimates during 2014 for the Syncrude Canada Oilsands site to between 95 million to 105 million barrels. The bearish forecast was down slightly from the 95 million to 110 million barrel projection made earlier.
Gold was up by nearly C$10 per ounce as investors sought refuge from the situation in Ukraine.
At 11:35 CDT Friday, the Canadian dollar was trading at US$0.9058 or US$1.1040, which compares with Thursday’s North American close of US$0.9068, or US$=$1.1028.
At 11:35 CDT Friday, the Toronto Stock Exchange was down 34.72 points to sit at 14,519.53.
