By Commodity News Service Canada
Winnipeg, July 10 – The Canadian dollar was lower against its US counterpart at midday Thursday, as tepid oil prices and a disappointing monthly export reading from China, dampened traders’ appetites.
China reported that its June exports grew by 7.2 percent in dollars terms from a year before, slightly below expectations.
Statistics Canada says its new housing price index rose 0.1 percent in May.
The August gold contract jumped $13.90 cents to US$1,338.20 an ounce. September copper rose two cents to US$3.26 a pound. The August crude oil contract fell 22 cents to US$102.07 a barrel.
At 11:50 CDT Thursday, the Canadian dollar was trading at US$0.9382 or US$1.0659, which compares with Wednesday’s North American close of US$0.9381, or US$=$1.0660.
At 11:50 CDT Thursday, the Toronto Stock Exchange was down 78.40 points to sit at 15,136.79.
