Glacier FarmMedia — The Canadian dollar was holding steady Friday morning, consolidating near its weakest levels in four months relative to its United States counterpart.
At 8:53 a.m. CDT the Canadian dollar was trading at US$0.7165 or US$1=C$1.3957 which compares with Thursday’s close of US$0.7162 or US$1=C$1.3963.
Canada’s services economy contracted in September, with the S&P Global Canada services purchasing managers index dipping to 46.3 from 48.6 the previous month.
The continued shutdown of the U.S. government and resulting lack of economic data remained a feature in the financial markets.
Crude oil was firm, with West Texas Intermediate up 0.69 per cent at US$60.90 per barrel.
The TSX jumped to new record highs, gaining 197.18 points at 9:53 CDT to trade at 30,357.77.
