By Commodity News Service Canada
WINNIPEG, May 24 – The Canadian dollar was mostly unchanged against its US counterpart on Wednesday.
The loonie was steady ahead of a monetary policy decision from the Bank of Canada later today.
Analysts largely expect the BoC will hold rates steady.
At 8:45 CDT Wednesday, the Canadian dollar was at US$0.7400 or US$=C$1.3313, which compares with Tuesday’s North American close of US$0.7413 or US$1=C$1.3490.
In Canadian domestic data, farm cash receipts for Canadian farmers totalled C$16.1 billion in the first quarter of 2017, up one per cent from the same quarter a year earlier, Statistics Canada said in a report on Wednesday.
The TSX was down 29.81 points at 8:45 CDT Wednesday morning to sit at 15,447.13