By MarketsFarm
WINNIPEG, Sept. 20 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning as market participants await the latest interest rate decision from the United States Federal Reserve.
At 8:50 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7457 or US$1=C$1.3410, which compares with Tuesday’s close of US$0.7448 or US$1=C$1.3426.
It’s generally expected that the U.S. Fed will keep rates steady this month, but traders will be watching the accompanying statement closely with rate hikes later this year still possible.
Crude oil was softer, with West Texas Intermediate down by 0.35 per cent at US$90.88 per barrel.
The TSX was stronger, up by 84.61 points at 8:50 CDT, trading at 20,303.50 points.
