By Commodity News Service Canada
WINNIPEG, Oct. 23 (CNS Canada) The Canadian dollar was holding near unchanged Tuesday morning, lacking any clear direction as investors await the Bank of Canada’s latest interest rate announcement due on Wednesday.
At 9:28 CDT Tuesday morning the Canadian dollar was at US$0.7628 or C$1.3110 which compares with Monday’s North American close of US$0.7631 or C$1.3105.
Investors generally expect the Bank of Canada will raise its key overnight rate to 1.75 per cent, from 1.5 per cent. The accompanying statement will be followed closely for signs of future moves.
There were no significant domestic economic releases on Tuesday.
Crude oil was weaker in early activity.
The TSX was down sharply at 9:28 CDT, down 299.77 points at 15,112.93.
