By Commodity News Service Canada
WINNIPEG, June 7 (CNS Canada) – The Canadian dollar was slightly stronger against its US counterpart on Wednesday, moving to a one-week-high.
The market was slow ahead of the Bank of Canada’s release of its financial system review, due out on Thursday.
At 9:05 CDT Wednesday, the Canadian dollar was at US$0.7458 or US$=C$1.3408, which compares with Tuesday’s North American close of US$0.7429 or US$1=C$1.3461.
In Canadian domestic data, Canadian municipalities issued C$7.1 billion worth of building permits in April, down 0.2 per cent from March, Statistics Canada said in a report on Wednesday.
The TSX was up 28.60 points at 9:05 CDT Wednesday morning to sit at 15,493.16.
