By Commodity News Service Canada
Winnipeg, May 21 – The Canadian dollar was slightly lower against its US counterpart Wednesday morning as investors waited to hear the minutes from the US Federal Reserve’s latest meeting.
US Federal Reserve Chairwoman Janet Yellen, Kansas City Fed President Esther George and Minneapolis Fed President Narayana Kocherlakota were all scheduled to speak about the interest rate later on Wednesday.
The July crude oil contract slipped 4 cents to US$103.11 a barrel, which was bearish. June gold faded $4.80 cents to US$1,289.80 an ounce, which was also bearish.
At 8:40 CDT Wednesday, the Canadian dollar was at US$0.9159 or US$=C$1.0918 which compares with Tuesday’s North American close of US $0.9175, or US$=C$1.0899.
The TSX was up 10.13 points Wednesday morning at 8:40 CDT, to sit at 14,525.19.
