By Commodity News Service Canada
Winnipeg, June 16 – The Canadian dollar was little changed against its US counterpart at midday Monday, just ahead of a two-day meeting by the US Federal Reserve.
On Tuesday, officials in the US will discuss a litany of issues including its quantitative easing program.
The meeting comes at a pivotal time as violence in Iraq threatens to disrupt world oil supplies.
The August gold contract rose $6.50 cents to US$1,274.10 an ounce, which was bullish. The July copper contract rose two cents to US$3.05 a pound, which was also bullish. The July crude contract rose 0.11 of a cent to US$107.02 a barrel.
At 11:45 CDT Monday, the Canadian dollar was trading at US$0.9213 or US$1.0854, which compares with Friday’s North American close of US$0.9211, or US$=$1.0856.
At 11:45 CDT Monday, the Toronto Stock Exchange was up 48.56 points to sit at 15,050.17.
