Glacier FarmMedia — The Canadian dollar was slightly firmer on Wednesday.
The Canadian dollar settled at US$0.7140 or US$1=C$1.4005, which compares with Monday’s close of US$0.7133 or US$1=C$1.4020. There was no closing rate on Tuesday due to Remembrance Day.
The U.S. Senate approved a compromise bill on Monday that would end the lengthy shutdown. The House of Representatives is expected to vote on it this evening.
An estimated C$11.7 billion worth of building permits were issued in Canada in September, which was up by 4.5 per cent from the previous month, reported Statistics Canada. The residential sector was up 4.8 per cent while non-residential permits increased 4.0 per cent.
Crude oil was weaker as the OPEC said in a report that supply would match demand in 2026. That was a change from earlier projections for a supply deficit. West Texas Intermediate crude oil was down by 4.33 per cent at US$58.40 per barrel.
The TSX Composite Index gained 418.33 points at 30,827.58 points.
