By MarketsFarm
WINNIPEG, Aug. 9 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, seeing a correction after Tuesday’s declines relative to its United States counterpart.
At 9:18 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7449 or US$1=C$1.3425, which compares with Tuesday’s close of US$0.7432 or US$1=C$1.3456.
The value of building permits issued in Canada was up by 6.1 per cent in June compared to the previous month, hitting C$11.6 billion, according to a report from Statistics Canada. Sharp increases in the institutional and industrial sectors more than offset declines in the residential sector.
Crude oil was stronger early Wednesday, with West Texas Intermediate up by 1.36 per cent at US$84.05 per barrel.
The TSX was stronger, gaining 79.27 points at 9:18 CDT, trading at 20,285.35 points.
