By MarketsFarm
WINNIPEG, May 1 (MarketsFarm) The Canadian dollar was firmer Wednesday morning, as investors await the latest interest rate announcement from the United States Federal Reserve.
At 8:44 CDT Wednesday morning the Canadian dollar was at US$0.7462 or C$1.3401 which compares with Tuesday’s North American close of US$0.7450 or C$1.3423.
The U.S. Federal Open Market Committee will release its latest policy announcement Wednesday afternoon. While U.S. President Donald Trump has tweeted recently calling for a cut to rates, most analysts expect rates will hold steady.
Many world markets were closed on Wednesday for the May Day holiday, limiting some of the activity in the North American markets.
The TSX was stronger Wednesday morning, up 13.78 points at 8:44 CDT to sit at 16,594.51.
