By Commodity News Service Canada
WINNIPEG, Oct. 25 (CNS Canada) The Canadian dollar was firmer Tuesday morning, finding some support from comments from Bank of Canada Governor Stephen Poloz.
At 9:14 CDT Tuesday morning the Canadian dollar was at US$0.7491 or C$1.3349 which compares with Monday’s North American close of US$0.7470 or C$1.3386.
Talking with government officials, Poloz was seen as tempering expectations for an interest rate cut in favour of a more ‘wait-and-see’ approach.
However, a softer tone in crude oil did put some pressure on the energy-linked currency.
The TSX was down 5.04 points at 9:14 CDT to sit at 14,917.97.
