By MarketsFarm
WINNIPEG, Dec. 20 MarketsFarm) – The Canadian dollar was holding steady Tuesday morning in relatively subdued activity.
At 8:33 a.m. CST Tuesday morning the Canadian dollar was at US$0.7326 or US$1=C$1.3650, which compares with Monday’s close of US$0.7324 or US$1=C$1.3653.
Canadian retail sales were up by 1.4 per cent in October compared to the previous month, hitting C$62.0 billion, according to a report from Statistics Canada. The sales marked the largest increase in five months, with six out of 11 subsectors reporting gains. Preliminary data for November suggests a 0.5 per cent decrease for the month.
Crude oil was slightly firmer in early trade, finding support from news that the United States was planning on refilling its Strategic Petroleum Reserve. West Texas Intermediate was up by 0.5 per cent at US$75.55 per barrel.
The TSX was up by 19.93 points at 8:33 CST, trading at 19,220.69 points.
