By Commodity News Service Canada
Winnipeg, July 7 – The Canadian dollar was slightly lower against its US counterpart at midday Monday, breaking below the psychologically important 94 cent US mark.
The level for the loonie could be tested again on Friday when Statistics Canada releases its June employment data. Analysts believe the information will show the jobless rate remaining unchanged at seven per cent.
The August gold contract dropped $4.90 cents to US$1,315.70 an ounce. September copper was also down falling 2 cents to US$3.25 a pound.
The August crude oil contract fell $0.77 cents to US$103.29 a barrel.
11:45 CDT Monday, the Canadian dollar was trading at US$0.9378 or US$1.0663, which compares with Friday’s North American close of US$0.9384, or US$=$1.0657.
At 11:45 CDT Friday, the Toronto Stock Exchange was down 94.17 points to sit at 15,120.79.
