By MarketsFarm
WINNIPEG, Oct. 12 (MarketsFarm) – The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning.
At 9:11 a.m. CDT Thursday morning the Canadian dollar was at US$0.7333 or US$1=C$1.3637, which compares with Wednesday’s close of US$0.7351 or US$1=C$1.3603.
Inflation in the U.S. held steady in September, with the country’s Consumer Price Index up by 3.7 per cent on an annual basis for the second month in a row. The solid inflation data was seen as supporting ideas that the U.S. Federal Reserve will hike interest rates at least one more time this year.
Crude oil was stronger in early activity, with West Texas Intermediate up by 1.43 per cent at US$84.68 per barrel.
The TSX was weaker, down by 90.87 points at 9:11 CDT, trading at 19,572.97 points.
