By Commodity News Service Canada
WINNIPEG, Aug. 21 (CNS Canada) The Canadian dollar was holding relatively steady Monday morning, seeing some consolidation after hitting two-week highs last week.
At 9:29 CDT Monday morning the Canadian dollar was at US$0.7951 or C$1.2577 which compares with Friday’s North American close of US$0.7945 or C$1.2586.
Canadian wholesale sales declined by 0.5 per cent in June, hitting C$61.4 billion, according to data released by Statistics Canada on Monday. The decline followed eight straight monthly increases.
Many world central bankers will be meeting at the annual Jackson Hole summit this week to discuss monetary policy, and investors will be following news out of the meetings closely.
Crude oil was slightly weaker in early activity.
The TSX was weaker at 9:29 CDT, down 13.04 points at 14,939.29.
