By Commodity News Service Canada
Winnipeg, May 26 – The Canadian dollar was slightly higher against its US counterpart at midday Monday, as metal prices bolstered the loonie on a day when both the US and UK markets were closed.
On the commodity markets, the July copper contract gained 2 cents to US$3.19 a pound which was supportive. June bullion rose $1.20 to US$1,292.90 an ounce, which was also supportive.
No domestic data was released Monday. Traders are looking forward to Friday when US GDP data will be released.
At 11:45 CDT Monday, the Canadian dollar was trading at US$0.9212 or US$1.0879, which compares with Friday’s North American close of US$0.9200, or US$=$1.0870.
At 11:45 CDT Monday, the Toronto Stock Exchange was up 20.30 points to sit at 14,728.40.
