By MarketsFarm
WINNIPEG, Oct. 31 (MarketsFarm) – The Canadian dollar was holding steady Thursday morning, consolidating after Wednesday’s declines.
At 9:05 CDT Thursday morning the Canadian dollar was at US$0.7598 or C$1.3161 which compares with Wednesday’s North American close of US$0.7603 or C$1.3152.
The Bank of Canada left its key overnight interest rate unchanged at 1.75 per cent on Wednesday, but was seen as taking a more dovish stance towards future monetary policy.
Increased pessimism over trade talks between the United States and China weighed on global equity markets, as China is reportedly expressing uncertainty that a deal can be reached. The cancellation of the upcoming APEC summit in Chile, due to protests in the South American country, was seen as causing further delays for any progress.
The TSX was down by 43.64 points at 9:05 CDT to sit at 16,457.79.
