By Commodity News Service Canada
Winnipeg, April 2 – The Canadian dollar was mostly unchanged Wednesday morning, due to a lack of internal domestic data.
The loonie is fixed on external developments in the absence of any major Canadian announcements scheduled for Wednesday.
The Canadian dollar has gained more than 2% against its American counterpart over the past two weeks, partially based on investors covering short positions and profit taking, an analyst said.
At 8:50 CDT Wednesday, the Canadian dollar was at US$0.9061 or US$=C$1.1036 which compares with Tuesday’s North American close of US $0.9065, or US$=C$1.1032.
The TSX was up 28.72 points Wednesday morning at 8:50 CDT, to sit at 14,409.27.
