By Commodity News Service Canada
Winnipeg, May 10 – The Canadian dollar was slightly higher
against its American counterpart on Wednesday, gaining a toehold
against a basket of other currencies.
A pickup in investor sentiment was noted as traders moved
forward in relatively calm waters. Financial markets have been fairly
stable since the completion of the French presidential election,
which benefited the commodity-rich loonie.
At 8:55 CDT Wednesday morning the Canadian dollar was at
US$0.7302 or C$1.3689 which compares with Tuesday’s North American
close of US$0.7284 or C$1.3728.
At 8:55 CDT Wednesday morning, the TSX was up 7.27 points, or
0.05%, at 15,576.47.
Gains in oil fueled a resurgence in the energy sector, which
helped prop up the market.
Home Capital suffered enough setback as its high interest
savings account declined slightly, giving it less room to maneuver
in the face of turbulent waters.