By Commodity News Service Canada
WINNIPEG, Nov. 12 The Canadian dollar was stronger Wednesday morning, as currency traders were adjusting positions ahead of the federal government’s economic update out later in the day.
The fall fiscal update is expected to confirm the size of Canada’s projected surplus for 2015.
At 9:25 CST Wednesday morning the Canadian dollar was at US$0.8863 or C$1.1283 which compares with Monday’s North American close of US$0.8792, or C$1.1374. The Bank of Canada did not report a closing price on Tuesday due to Remembrance Day.
There was no significant domestic economic data out Wednesday morning.
Crude oil was lower Wednesday morning, which put some pressure on the energy linked Canadian dollar.
The TSX was stronger in early activity, up 43.54 points at 9:25 CST to sit at 14,803.81.
