By MarketsFarm
WINNIPEG, Sep. 4 (MarketsFarm) The Canadian dollar was slightly firmer Wednesday morning, as investors await the Bank of Canada’s latest interest rate announcement.
At 8:50 CDT Wednesday morning the Canadian dollar was at US$0.7505 or C$1.3324 which compares with Tuesday’s North American close of US$0.7495 or C$1.3343.
The Bank is generally expected to be holding rates unchanged at 1.75 per cent in today’s announcement, but the accompanying statement will be followed closely for signs of future moves.
Canada’s trade deficit widened to C$1.1 billion in July, as exports fell and imports increased during the month. Pre-report expectations had been for a much smaller deficit.
The TSX was stronger Wednesday morning, up 131.26 points at 8:50 CDT to sit at 16,530.49.
