Glacier FarmMedia — The Canadian dollar was slightly firmer Tuesday morning, as markets reacted to updated inflation data.
At 8:49 a.m. CDT the Canadian dollar was trading at US$0.7129 or US$1=C$1.4027 which compares with Monday’s close of US$0.7125 or US$1=C$1.4036.
Statistics Canada reported that the country’s annual rate of inflation came in at 2.4 per cent in September. That exceeded market expectations of 2.2 per cent and the 1.9 per cent increase in the consumer price index reported the previous month.
The continued shutdown of the United States government and resulting lack of economic data remained a feature in the financial markets.
Crude oil was posting small gains, with West Texas Intermediate up by 0.37 per cent at US$57.23 per barrel.
The TSX was down by 339.75 points at 8:49 CDT to trade at 30,076.69.
