By Commodity News Service Canada
Winnipeg, April 16 – The Canadian dollar was basically
unchanged Wednesday morning as investors waited to see whether the bank
of Canada would adjust its interest rate.
A report showings foreign investors bought 6.1 billion Canadian
dollars (US$5.54 billion) was met with relative indifference, said
analysts.
There is speculation Bank of Canada governor Stephen Poloz will
decide to keep the interest rate at 1%, according to reports.
At 8:43 CDT Wednesday, the Canadian dollar was at US$0.9111 or
US$=C$1.0976 which compares with Tuesday’s North American close of US
$0.9110, or US$=C$1.0977.
The TSX was up 19.49 points Wednesday morning at 8:43 CDT, to sit
at 14,303.92.
