By MarketsFarm
WINNIPEG, Aug. 26 (MarketsFarm) – The Canadian dollar was holding relatively steady Thursday morning, lacking any clear direction.
At 9:40 a.m. CDT Thursday morning, the Canadian dollar was at US$0.7924 or US$1=C$1.2620 which compares with Wednesday’s North American close of US$0.7925 or US$1=C$1.2619.
The United States Federal Reserve is holding an annual summit in Jackson Hole, Wyoming starting Thursday. Currency traders will be following the meeting closely for hints on future monetary policy.
West Texas Intermediate crude oil was slightly softer in early activity, down 0.9 per cent at US$67.72 per barrel.
The TSX was weaker, down 27.51 points at 9:40 CDT, trading at 20,559.81 points.
