By MarketsFarm
WINNIPEG, May 27 (MarketsFarm) – The Canadian dollar was holding steady Monday morning, lacking any clear direction in early trade with markets in the United States closed for Memorial Day.
At 9:17 CDT Monday morning the Canadian dollar was at US$0.7438 or C$1.3444 which compares with Friday’s North American close of US$0.7437 or C$1.3447.
The Bank of Canada is set to make its latest interest rate announcement on Wednesday, and positioning ahead of the announcement is expected the next few days. General expectations are that the Bank will leave its key overnight rate unchanged at 1.75 per cent.
Crude oil prices were down slightly Monday morning.
The TSX was stronger Monday morning, up 28.84 points at 9:17 CDT to sit at 16,258.88.
