By MarketsFarm
WINNIPEG, April 4 (MarketsFarm) – The Canadian dollar was holding steady Tuesday morning, taking a breather after Monday’s rally relative to its United States counterpart.
At 8:36 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7442 or US$1=C$1.3438, which was unchanged from Monday’s close.
An estimated C$10.7 billion worth of building permits were issued in Canada in February, an 8.6 per cent increase from the previous month, according to a report from Statistics Canada.
Crude oil remained pointed higher, as the market continued to be supported by news OPEC+ nations intend to cut output starting in May.
West Texas Intermediate was up by 1.5 per cent at US$81.59 per barrel.
The TSX rose by 59.64 points at 8:36 CDT, trading at 20,337.92 points.
