By MarketsFarm
WINNIPEG, Feb. 12 (MarketsFarm) The Canadian dollar was slightly firmer Tuesday morning amid easing concerns over the coronavirus outbreak.
At 9:06 CST Wednesday morning the Canadian dollar was at US$0.7543 or C$1.3257 which compares with Tuesday’s North American close of US$0.7523 or C$1.3292.
A rally in crude oil contributed to the firmer tone in the energy-linked currency, as West Texas Intermediate rose by more than a dollar per barrel.
There were no significant domestic economic releases.
Investors were keeping an eye on the impact of demonstrations across the country in solidarity with the Wet-suwet’en Nation hereditary chiefs protesting a natural gas line through their land in Northern British Columbia. CN Rail has said it may need to shut down some of its network if the blockades continue.
The TSX was up by 58.95 points at 9:06 CST to sit at 17,836.06.
