By Commodity News Service Canada
WINNIPEG, Aug. 23 (CNS Canada) The Canadian dollar was slightly weaker Wednesday morning, although holding relatively rangebound.
At 8:56 CDT Wednesday morning the Canadian dollar was at US$0.7942 or C$1.2591 which compares with Tuesday’s North American close of US$0.7967 or C$1.2552.
Renewed ideas that US President Trump was considering exiting the NAFTA agreement with Canada and Mexico led to some caution in the currency markets. At a rally in Phoenix, Arizona, Trump also hinted at a possible government shutdown if needed to build a wall between the US and Mexico.
Many world central bankers are meeting at the annual Jackson Hole, Wyoming summit this week to discuss monetary policy, and investors will follow news out of the meetings closely.
Crude oil was slightly weaker in early activity.
There were no significant domestic economic releases.
The TSX was stronger at 8:56 CDT, up 35.86 points at 15,020.82.
