By MarketsFarm
WINNIPEG, Feb. 26 (MarketsFarm) The Canadian dollar was holding steady Wednesday morning, lacking any clear direction.
At 9:11 CST Wednesday morning the Canadian dollar was at US$0.7530 or C$1.3281 which compares with Tuesday’s North American close of US$0.7530 or C$1.3281.
Crude oil hit its lowest level in just over a year in early trade, trading below US$50 a barrel amid ongoing concerns over the COVID-19 coronavirus. However, oil recovered back above that psychological mark, providing some support for the energy-linked currency.
Continued protests hampering Canada’s transportation system also kept some caution in the currency, as the rail disruptions could slow the country’s economy.
The TSX was down 19.28 points at 9:11 CST to trade at 17,158.09 points.
