By MarketsFarm
WINNIPEG, Nov. 19 (MarketsFarm) The Canadian dollar was holding steady Tuesday morning, seeing some consolidation after hitting its highest levels relative to its United States counterpart in 11 days on Monday.
At 9:15 CST Tuesday morning the Canadian dollar was at US$0.7567 or C$1.3215 which compares with Monday’s North American close of US$0.7568 or C$1.3214.
Canadian manufacturing sales moved down by 0.2 per cent in September, hitting C$57.4 billion. That came after at 0.8 per cent increase the previous month, according to Statistics Canada data. Pre-report market expectations had been for a 0.6 per cent decline on the month.
Investors were positioning themselves ahead of speech by Bank of Canada Senior Deputy Governor Carolyn Wilkins later in the day. The Bank’s Governor, Stephen Poloz, will also speak later this week, and traders will be watching both speeches for signs of future rate moves.
The TSX was down by 31.85 points at 9:15 CST to sit at 16,993.26.
