By Commodity News Service Canada
WINNIPEG, March 22 (CNS Canada)- The Canadian dollar was holding near unchanged Tuesday morning, lacking any clear direction as currency traders awaited the release of the country’s latest federal budget later in the day.
At 8:55 CDT Tuesday morning the Canadian dollar was at US$0.7648 or C$1.3075 which compares with Monday’s North American close of US$0.7642 or C$1.3085.
Canada’s Liberal government is set to unveil its first budget on Tuesday, and market participants will be following the news out of Ottawa closely.
Terror attacks in Belgium were creating uncertainty in the financial markets, causing investors to back away from riskier assets.
Crude oil was slightly weaker, which also weighed on the Canadian dollar.
The TSX was weaker, down 31.78 points at 8:55 CDT to sit at 13,529.31.
