By Commodity News Service Canada
WINNIPEG, Oct. 18 (CNS Canada) The Canadian dollar was stronger Tuesday morning, as gains in crude oil provided some support.
At 9:16 CDT Tuesday morning the Canadian dollar was at US$0.7646 or C$1.3079 which compares with Monday’s North American close of US$0.7616 or C$1.3130.
Canadian economic data was also supportive. Manufacturing sales rose 0.9 per cent in August to hit C$51.12 billion, according to Statistics Canada. Market expectations had been for a much more modest increase.
The Bank of Canada releases its latest interest rate decision on Wednesday, October 19, and investors will be following the accompanying statement closely.
The TSX was up 60.13 points at 9:16 CDT to sit at 14,656.65.
