By MarketsFarm
WINNIPEG, June 17 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, amid conflicting outside influences.
At 9:09 CDT Wednesday morning the Canadian dollar was at US$0.7374 or C$1.3561 which compares with Tuesday’s North American close of US$0.7376 or C$1.3558.
Solid retail sales data out of the United States was taken as a sign of world economic recovery amid the continuing COVID-19 pandemic.
In domestic data, Canada’s consumer price index was down by 0.4 per cent on an annual basis in May, according to a report from Statistics Canada. That marked the second-straight month of declines.
Crude oil was slightly weaker, with West Texas Intermediate down about 1.4 per cent, at US$37.85 per barrel.
The TSX was up by 9.64 points at 9:09 CDT to trade at 15,525.47 points.
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