By Commodity News Service Canada
WINNIPEG, Sep. 11 (CNS Canada) The Canadian dollar was holding steady Tuesday morning, as investors keep an eye on ongoing NAFTA negotiations.
At 9:15 CDT Tuesday morning the Canadian dollar was at US$0.7593 or C$1.3170 which compares with Monday’s North American close of US$0.7597 or C$1.3163.
In domestic data, Canadian housing starts came in at a seasonally adjusted rate of 200,986 units in August, down from 205,751 the previous month, according to a report from the Canada Mortgage and Housing Corp.
Crude oil was slightly firmer in early activity, amid expectations that U.S. sanctions would lead to tighter supplies out of Iran. Most global equity markets were under pressure with the trade dispute between the U.S. and China at the forefront.
The TSX was weaker at 9:15 CDT, down 14.36 points at 16,042.73.
