By MarketsFarm
WINNIPEG, Oct. 19 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, as currency traders reacted to the latest domestic economic data.
At 8:35 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7273 or US$1=C$1.3749, which compares with Tuesday’s close of US$0.7270 or US$1=C$1.3756.
Canada’s annual rate of inflation slowed slightly in September, coming in at 6.9 per cent, according to a report from Statistics Canada.
Canada’s Industrial Product Price Index was up by 0.1 per cent month over month in September, posting a 9.0 per cent rise annually. Meanwhile, the Raw Materials Price Index was down by 3.2 per cent on the month, but still up 11.0 per cent from the same time a year ago.
Crude oil was up slightly firmer in early trade, with West Texas Intermediate crude oil up by 0.7 per cent at 82.63 per barrel.
The TSX was down by 83.34 points at 8:35 CDT, trading at 18,714.84 points.
