By MarketsFarm
WINNIPEG, March 22 (MarketsFarm) – The Canadian dollar was holding steady relative to its United States counterpart Tuesday morning.
At 8:45 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7948 or US$1=C$1.2582, which compares with Tuesday’s close of US$0.7941 or US$1=C$1.2593.
Canada’s Industrial Product Price Index was up by 3.1 per cent in February compared to the previous month, while the Raw Materials Price Index was up by 6.0 per cent on the month. The two indexes were up by 16.4 per cent and 29.8 per cent respectively on an annual basis.
Crude oil was seeing some stability after Monday’s rally, as a split vote in Europe on banning Russian oil imports put some pressure on values.
West Texas Intermediate was down by 0.2 per cent at US$109.75 per barrel.
The TSX was higher, up 40.35 points at 8:45 CDT, trading at 22,049.48 points.
