By Commodity News Service Canada
WINNIPEG, Feb. 13 (CNS Canada) The Canadian dollar was holding steady Wednesday morning as competing influences pulled at the currency.
At 9:01 CST Wednesday morning the Canadian dollar was at US$0.7554 or C$1.3149 which compares with Tuesday’s North American close of US$0.7548 or C$1.3248.
Gains in crude oil were supportive for the energy-linked currency as OPEC members move forward with cutting production.
However, strength in the U.S. dollar index internationally kept the Canadian currency under pressure. The U.S. dollar was reportedly seen as a safe-haven amid concerns over China/U.S. trade relations, Brexit in the United Kingdom, and the possibility of another U.S. government shutdown.
There were no significant domestic economic releases on Wednesday.
The TSX was higher in early activity, up 36.18 points at 9:01 CST to sit at 15,678.28.
