By MarketsFarm
WINNIPEG, Nov. 21 (MarketsFarm) The Canadian dollar was slightly firmer Thursday morning, recovering from the six-week lows hit the previous session.
At 9:10 CST Thursday morning the Canadian dollar was at US$0.7534 or C$1.3273 which compares with Wednesday’s North American close of US$0.7517 or C$1.3304.
Speaking at an Ontario Securities Commission event on Thursday morning, Bank of Canada governor Stephen Poloz described monetary conditions in the country as “about right.” The comments provided some support for the currency, as economic stability should reduce the likelihood of a rate cut in the near future.
Gains in crude oil also helped underpin the energy-linked currency, according to participants.
The TSX was down by 32.43 points at 9:10 CST to sit at 16,973.39.
