By Commodity News Service Canada
WINNIPEG, Jan. 18 (CNS Canada) The Canadian dollar was slightly weaker Wednesday morning, as the currency saw a modest correction ahead of the Bank of Canada’s policy announcement.
At 8:58 CST Wednesday morning the Canadian dollar was at US$0.7632 or C$1.3103 which compares with Tuesday’s North American close of US$0.7658 or C$1.3058.
The Bank of Canada is generally expected to be holding its key overnight rate unchanged at 0.5 per cent today. However, the accompanying statement will be read closely for signs of future moves.
Crude oil was weaker in early activity, which weighed on the energy-linked Canadian dollar.
The TSX was down 43.25 points at 8:58 CST to sit at 15,398.11.
