Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Jan. 22 (MarketsFarm) The Canadian dollar was slightly firmer Wednesday morning, as investors await the Bank of Canada’s latest interest rate announcement.
At 8:42 CST Wednesday morning the Canadian dollar was at US$0.7664 or C$1.3048 which compares with Tuesday’s North American close of US$0.7653 or C$1.3067.
Economists generally expect the Bank of Canada will be leaving interest rates unchanged in its latest policy announcement, due later in the day. However, market participants will follow the accompanying statement closely for signs of future moves.
Canada’s annual rate of inflation held steady in December, with the consumer price index up 2.2 per cent on an annual basis, according to a report from Statistics Canada. That was unchanged compared to the previous month.
The TSX was down by 8.41 points at 8:42 CST to sit at 17,563.87.


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