By Commodity News Service Canada
Winnipeg, November 24 – The Canadian dollar was lower against its American counterpart at midday Monday as nervous investors looked ahead to retail sales and GDP data.
The loonie was at US$0.9183 or US$1 = C$1.0890 late Monday morning.
On Tuesday, the US Commerce Department will release its revised numbers for the third quarter. They are expected to show the US economy grew by 3.3 percent annually from July to September,
according to analysts.
On Friday, Canada will post its third-quarter GDP figures. Analysts expect the economy grew by 0.4 percent after two straights months of decline.
On the commodity markets, gold fell US$1.10 to $1,196.60 while copper gained a penny to US$4.04 a pound. The January crude oil contract rose 19 cents to US$76.60 a barrel.
At 11:50 CDT Monday morning, the Toronto Stock Exchange was down 63.93 points to 15,047.53.
