By Commodity News Service Canada
WINNIPEG, Oct. 11 (CNS Canada) The Canadian dollar was stronger Tuesday morning, with solid housing starts data providing some support.
At 9:15 CDT Monday morning the Canadian dollar was at US$0.7571 or C$1.3208 which compares with Friday’s North American close of US$0.7527 or C$1.3285. Canadian markets were closed Monday for Thanksgiving.
The seasonally adjusted rate of housing starts hit 220,617 in September, according to a report from Canada Mortgage and Housing Corp. That compares with only 184,201 units the previous month.
The US Federal Reserve is set to release the minutes of its latest policy meeting on Wednesday, and traders will be reading closely for signs of future rate moves.
Losses in crude oil did put some pressure on values.
The TSX was holding near unchanged, up 3.56 points at 9:17 CDT to sit at 14,569.82.
