Glacier FarmMedia — The Canadian dollar was holding relatively steady Wednesday morning.
At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7121 or US$1=C$1.4043 which compares with Tuesday’s close of US$0.7119 or US$1=C$1.4046.
Canadian manufacturing sales dipped by 1.0 per cent in August to C$69.4 billion, reported Statistics Canada. Wholesale sales in the country fell by 1.2 per cent to C$85.4 billion.
Crude oil was taking back some of Tuesday’s losses, with West Texas Intermediate up by 0.53 per cent at US$59.01 per barrel.
The TSX was stronger, gaining 366.09 points at 8:57 CDT to trade at 30,719.70.
