By MarketsFarm
WINNIPEG, June 8 (MarketsFarm) The Canadian dollar was slightly firmer Wednesday morning, holding relatively rangebound after posting solid gains relative to its United States counterpart over the past week.
At 8:46 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7941 or C$1.2593 which compares with Tuesday’s North American close of US$0.7965 or C$1.2555.
Crude oil was showing some strength early Wednesday, providing some underlying support for the energy-linked currency. However, analysts noted that the Canadian dollar was not tracking oil as closely as it has in the past.
West Texas Intermediate was up by 0.38 per cent at US$119.86 per barrel.
The TSX was down by 66.62 points at 9:18 CDT to trade at 20,861.59 points.
