By MarketsFarm
WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning.
At 8:39 a.m. CDT Thursday morning the Canadian dollar was at US$0.7337 or US$1=C$1.3630, which compares with Wednesday’s close of US$0.7339 or US$1=C$1.3625.
The minutes of the Bank of Canada’s latest policy meetings, which were released on Wednesday, were largely seen as neutral for the currency market with no rate cuts expected in 2023 and the possibility of more hikes going forward if necessary.
Crude oil was slightly firmer in early trade, with West Texas Intermediate up by 0.3 per cent at US$74.52 per barrel.
The TSX was stronger, up by only 88.71 points at 8:39 CDT, trading at 20,449.94 points.
