By Commodity News Service Canada
Winnipeg, July 17 – The Canadian dollar was little changed against
its US counterpart at midday Thursday, as traders stayed largely on the
sidelines in the wake of a diplomatic row between Russia and the US.
Two Russian energy companies, eight weapons firms and two powerful
financial groups are now being hit with sanctions by the US. The
increased pressure is aimed at ending the insurgency in eastern Ukraine
which the US believes is backed by Russia.
On the commodity markets values were mostly higher.
The August gold contract rose $3.30 cents to US$1,303.10 an ounce.
September copper was fell one cent at US$3.20 a pound. The August crude
oil contract gained US$1.48 cents to US$102.68 a barrel.
At 11:55 CDT Thursday, the Canadian dollar was trading at
US$0.9308 or US$1.0743, which compares with Wednesday’s North American
close of US$0.9306, or US$=$1.07.
At 11:55 CDT Thursday, the Toronto Stock Exchange was down 10.83
points to sit at 15,215.51.
