By Commodity News Service Canada
Winnipeg, June 13 – The Canadian dollar was little changed against its
US counterpart at midday Friday, as unrest in Iraq threatened to
disrupt oil supplies from the Middle East.
The United States has ruled out sending troops to the beleaguered
country, which has seen Islamic militants capture key sections of it.
Meanwhile the Bank of Canada has signalled that it will likely keep
interest rates on hold for the near-future.
The August gold contract lost 50 cents to US$1,273.50 an ounce, which
was bearish. The July copper contract rose one cent to US$3.03 a pound.
The July crude contract rose 35 cents to US$106.88 a barrel, which was
bullish.
At 11:47 CDT Friday, the Canadian dollar was trading at US$0.9205 or
US$1.0856, which compares with Thursday’s North American close of
US$0.9212, or US$=$1.0855.
At 11:47 CDT Friday, the Toronto Stock Exchange was up 83.48 points to
sit at 14,993.11.
