By Commodity News Service Canada
WINNIPEG, Dec. 14 (CNS Canada) The Canadian dollar was holding steady Thursday morning, lacking any clear direction as currency traders continued to digest Wednesday’s U.S. Federal Reserve interest rate announcement.
At 8:56 CST Thursday morning the Canadian dollar was at US$0.7788 or C$1.2840, which compares with Wednesday’s North American close of US$0.7781 or C$1.2852.
Canadian national wealth, the value of non-financial assets in the economy, rose 0.3 per cent to 57.9 billion at the end of the third quarter, according to a report from Statistics Canada. Household debt reached a high of C$2,110.3 billion in the third quarter. The ratio of debt to disposable income rose to 171.1 per cent, from 170.1 per cent the previous quarter.
The TSX was stronger at 8:56 CST, up 22.56 points at 16,136.59.