By Commodity News Service Canada
Winnipeg, August 12 – The Canadian dollar was lower against its US counterpart at midday Tuesday, as the loonie faltered against the American greenback and other international currencies.
North American investors have also shifted their attention to gold, due to continued uncertainty between Russia and Ukraine. The tension between the two countries is reportedly damaging investor confidence overall, which is bearish.
On the commodity markets, the December gold contact rose $6.80 to US$1,317.30 an ounce. September copper slid two cents to US$3.16 a pound. The September crude oil contract fell US$0.87 cents to US$97.21 a barrel.
At 11:50 CDT Tuesday, the Canadian dollar was trading at US$0.9138 or US$1.0943, which compares with Monday’s North American close of US$0.9158, or US$=$1.0919.
At 11:50 CDT Tuesday, the Toronto Stock Exchange was up 31.59 points to sit at 15,293.23.
