By Commodity News Service Canada
Winnipeg, May 27 – The Canadian dollar was slightly lower against its US counterpart at midday Tuesday, as traders waded through a large amount of US economic reports and information.
According to the US Commerce Department, orders for durable manufactured goods rose 0.8 per cent in April, after a 3.6 per cent gain in March. Orders for core capital goods, something viewed as being important to business investment plans, fell 1.2 per cent in April.
Commodities were mixed with July crude oil falling six cents to US$104.29 a barrel. The June gold contract faded $15.40 to US$ 1,276.30 an ounce, which was bearish.
At 11:35 CDT Tuesday, the Canadian dollar was trading at US$0.9196 or US$1.0874, which compares with Monday’s North American close of US$0.9208, or US$=$1.0860.
At 11:35 CDT Tuesday, the Toronto Stock Exchange was down 71.72 points to sit at 14,643.97.
