By Commodity News Service Canada
Winnipeg, September 26 – The Canadian dollar was weaker against its US counterpart at midday Friday, as new economic data in the US strengthened the US dollar even more.
The US Commerce Department reported that the US economy grew at its quickest pace in over two years during the period of April to June in 2014.
There are reports Japan is considering a new economic stimulus package to bolster its economy.
The December copper contract was down two cents at US$3.04 a pound. The November crude oil contract rose by 62 cents to hit US$93.15 a barrel. December gold fell US$7.00 to $1,214.90 an ounce.
At 11:50 CDT Friday, the Canadian dollar was trading at US$0.8959 or US$1.1162, which compares with Thursday’s North American close of US$0.9003, or US$=$1.1108.
At 11:50 CDT Friday, the Toronto Stock Exchange was up 103.64 points to sit at 14,997.21.
