Canadian dollar and business outlook
By Commodity News Service Canada
WINNIPEG, Sept. 9 The Canadian dollar was slightly firmer Wednesday morning, as currency traders reacted to the Bank of Canada’s latest interest rate announcement.
At 9:14 CDT Wednesday morning the Canadian dollar was at US$0.7590 or C$1.3175 which compares with Tuesday’s North American close of US$0.7573, or C$1.3205.
The Bank of Canada left its key overnight rate unchanged at 0.5%, as had been widely anticipated.
Crude oil was softer in early activity, which put some pressure on the energy-linked Canadian dollar.
The TSX was stronger, up 121.96 points at 9:14 CDT to sit at 13,752.63.