By Commodity News Service Canada
Winnipeg, September 19 – The Canadian dollar was lower against its US counterpart at midday Friday, due to falling commodities in spite of the fact Scotland’s decision to remain in the United Kingdom generally sent markets higher.
Scotland voted 55 percent against independence which left many investors relieved. The result eliminates a lot of market uncertainty and instability for the UK pound and public debt.
Core inflation in Canada rose by 2.1 percent, after an increase of 1.7 percent in July.
The December copper contract rose one cent to US$3.10 a pound. The October crude oil contract lost 13 cents to hit US$92.94 a barrel. December gold fell US$1.80 to $1,225.10 an ounce.
At 11:45 CDT Friday, the Canadian dollar was trading at US$0.9121 or US$1.0964, which compares with Thursday’s North American close of US$0.9135, or US$=$1.0947.
At 11:45 CDT Friday, the Toronto Stock Exchange was down 147.00 points to sit at 15,318.54.
