By Commodity News Service Canada
Winnipeg, June 19 – The Canadian dollar was higher against its US counterpart at midday Thursday, buoyed by the 0.4% monthly rise in the American Consumer Price Index.
All told, the index rose 2.1% over the past 12 months.
Statistics Canada reported that wholesale sales in Canada rose 1.2% in April to C$51.2 billion.
The August gold contract gained $14.30 cents to US$1,287 an ounce, which was bullish. The July copper contract stayed the same at US$3.06 a pound. The July crude oil contract fell 21 cents to US$105.76 a barrel.
At 11:40 CDT Thursday, the Canadian dollar was trading at US$0.9328 or US$1.0720, which compares with Wednesday’s North American close of US$0.9217, or US$=$1.0850.
At 11:40 CDT Thursday, the Toronto Stock Exchange was down 8.14 points to sit at 15,101.11.
