By MarketsFarm
WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning, holding over 76 United States cents.
At 9:25 CDT Tuesday morning the Canadian dollar was at US$0.7611 or US$1=C$1.3138, which compares with Tuesday’s North American close of US$0.7593 or US$1=C$1.3170.
Canada’s inflation rate fell to 0.1 per cent in July, according to new data from Statistics Canada. That follows June’s inflation rate, which was 0.7 per cent.
The TSX was steady points at 9:25 CDT to trade at 16,629.08 points.
Crude oil prices were slightly higher on Wednesday morning following reports of tightening stocks. West Texas Intermediate (WTI) was up 61 cents at US$41.83 per barrel. Brent Crude was up by 45 cents to trade at US$44.85.
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