By Commodity News Service Canada
Winnipeg, March 19 – The Canadian dollar fell, relative
to its U.S. counterpart, Wednesday morning in early trading as
markets continued to react to dovish comments from Bank of
Canada Governor Stephen Poloz.
The loonie traded near a new four-and-a-half year low a day after
the Governor indicated a future rate cut was possible.
The loonie could see further volatility later today when the U.S.
Federal Open Market Committee wraps up its two-day meeting, said an
analyst.
At 8:45 CDT Wednesday, the Canadian dollar was at US$0.8937 or
US$=C$1.1189 which compares with Tuesday’s North American close of US
$0.8979, or US$=C$1.1137.
The TSX was up 0.96 points Wednesday morning at 8:45 CDT, to sit
at 14,368.98.
