By Commodity News Service Canada
WINNIPEG, Oct. 17 (CNS Canada) The Canadian dollar was holding near unchanged Monday morning, lacking any clear direction as traders await the Bank of Canada’s interest rate announcement later in the week.
At 9:13 CDT Monday morning the Canadian dollar was at US$0.7613 or C$1.3135 which compares with Friday’s North American close of US$0.7607 or C$1.3145.
The Bank of Canada releases its latest interest rate decision on Wednesday, October 19, and investors will be following the accompanying statement closely.
Statistics Canada reported that foreign investment in Canadian securities came in at C$12.7 billion in August. Meanwhile, Canadian investment in foreign securities only totaled C$1.6 billion.
Crude oil was weaker in early activity, which put some pressure on the energy-linked Canadian dollar.
The TSX was up 11.52 points at 9:13 CDT to sit at 14,596.51.
