By MarketsFarm
WINNIPEG, Jan. 17 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning amid conflicting outside influences.
At 8:53 a.m. CST Tuesday morning the Canadian dollar was at US$0.7986 or US$1=C$1.2522 which compares with Monday’s close of US$0.7987 or US$1=C$1.2520.
Broad strength in the United States dollar internationally put some pressure on the Canadian currency, with increases in U.S. Treasury yields seen as a sign of a reduced appetite for risk.
On the other side, crude oil was higher which was supportive for the energy-linked Canadian dollar. West Texas Intermediate was up 1.25 per cent at US$84.30 per barrel.
The TSX was weaker down 166.53 points at 8:53 CST, trading at 21,371.38 points.
