By Commodity News Service Canada
WINNIPEG, Dec. 7 (CNS Canada) The Canadian dollar was holding near unchanged Wednesday morning, as investors awaited the Bank of Canada’s latest interest rate decision due out later in the day.
At 8:46 CST Wednesday morning the Canadian dollar was at US$0.7522 or C$1.3294 which compares with Tuesday’s North American close of US$0.7528 or C$1.3284.
Market analysts generally expect the Bank of Canada to hold its key overnight rate steady at 0.5 per cent. However, the focus will be on the accompanying statement, and what the Bank thinks about the economy going forward.
Crude oil was weaker early Wednesday, which put some pressure on the energy-linked Canadian dollar.
The TSX was up 12.04 points at 8:46 CST to sit at 15,137.84.
