By Commodity News Service Canada
Winnipeg, August 11 – The Canadian dollar was higher against its US counterpart at midday Monday, as the Canada Mortgage and Housing Corporation reported that housing starts for the month of July were up from June.
According to the agency, last month’s housing starts came in at an annualized rate of 200,098, up from 198,665 in June.
On the commodity markets, the December gold contact sank $2.00 to US$1,309.00 an ounce. September copper rose one cent to US$3.18 a pound. The September crude oil contract rose US$0.75 cents to US$98.40 a barrel.
At 11:55 CDT Monday, the Canadian dollar was trading at US$0.9155 or US$1.0923, which compares with Friday’s North American close of US$0.9115, or US$=$1.0971.
At 11:45 CDT Monday, the Toronto Stock Exchange was up 90.20 points to sit at 15,286.51.
