By Commodity News Service Canada
WINNIPEG, June 17 – The Canadian dollar
was flat against its US counterpart Wednesday morning after
Statistics Canada said wholesale sales were up in April, while
markets await an interest-rate decision and statement from the U.S.
Federal Reserve.
At 8:30 a.m. CDT the Canadian dollar was at US$0.8119 or C$1.2312
which compares with Tuesday’s North American close of US$0.8122, or
C$1.2312.
Wholesale sales rose 1.9 per cent to C$55.2-billion in April-a
second consecutive increase, Statistics Canada said Wednesday.
According to Stats Can, sales were up in four of seven
subsectors, led by the motor vehicle and parts subsector.
The Federal Reserve decision on interest-rates is due at 3 p.m.
CDT. The Fed is expected to increase interest-rates for the first
time in almost 10 years, but details on when are not yet available.
The TSX was weaker in early activity, down three points at 8:30
a.m. CDT to sit at 14,753.05.
