Commodity Prices

commodity prices: The loonie was down 0.07 of a cent to 98.08 cents US, according to CTV. The Canadian currency has rallied in recent days and is up about 1 1/2 cents US since the beginning of June and TORONTO -- The Canadian dollar erased early gains to move lower late morning Wednesday amid higher commodity prices and positive economic data from Europe. Eurozone area industrial production increased 0.4 per cent in April compared with the previous month. Economists had expected no increase. It was the third consecutive monthly increase in industrial production. (www.immigrantscanada.com). As reported in the news.