By MarketsFarm
WINNIPEG, Jan. 11 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, underpinned by gains in crude oil.
At 8:51 a.m. CST Wednesday morning the Canadian dollar was at US$0.7450 or US$1=C$1.3423, which compares with Tuesday’s close of US$0.7451 or US$1=C$1.3421.
Easing COVID-19 restrictions in China and expectations for rising world oil demand were supportive for crude oil, with Canada a major oil producer.
West Texas Intermediate was up by 1.8 per cent at US$76.50 per barrel.
The TSX was up by 120.69 points at 8:51 CST, trading at 20,019.55 points.
