By Commodity News Service Canada
Winnipeg, September 18 – The Canadian dollar was weaker against
its US counterpart on Wednesday, as traders await to see if the US
Federal Reserve will slow its monetary stimulus during today’s policy
meeting, industry watchers said.
Fed Chairman Ben Bernanke is set to make an announcement this
afternoon at 1:30 CDT, analysts said.
Gains seen in commodities, including crude oil and copper, limited
the loonie’s losses.
At 8:36 CDT Wednesday, the Canadian dollar was at US$0.9699 or
US$=C$1.0310 which compares with Tuesday’s North American close of
US$0.9713, or US$=C$1.0295.
No major Canadian economic data is scheduled to be released on
Wednesday.
The TSX was down 2.99 points Wednesday morning at 8:36 CDT, to sit
at 12,831.12.
