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Canadian Forex Midday: C$ Up Slightly As Traders Wait For Federal Data

Published: April 9, 2014

By Commodity News Service Canada

Winnipeg, April 9 – The Canadian dollar was up slightly against
its US counterpart at midday Wednesday, as investors waited for the
mid-afternoon release of the US Federal Reserve’s March policy meeting.

Trading in Canadian bonds was also muted. Part of that was due to
a general lack of domestic data being released on Wednesday, according
to an analyst.

Greece has announced it is planning to return to debt markets. The
country has already been bailed out twice before by the international
community so risk appetites could sharpen, said an analyst.

At 11:40 CDT Wednesday, the Canadian dollar was trading at
US$0.9184 or US$1.1089, which compares with Tuesday’s North American
close of US$0.9156, or US$=$1.1092.

At 11:40 CDT Wednesday, the Toronto Stock Exchange was up 20.99
points to sit at 14,393.44.

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