By MarketsFarm
WINNIPEG, March 21 (MarketsFarm) – The Canadian dollar was slightly firmer Tuesday morning as the country’s inflation rate slowed in the past month.
At 8:45 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7319 or US$1=C$1.3663, which compares with Monday’s close of US$0.7313 or US$1=C$1.3674.
Canada’s consumer price index was up by 5.2 per cent on an annual basis in February, which compares with 5.9 per cent the previous month, according to a report from Statistics Canada.
Gains in crude oil were supportive for the energy-linked currency, with West Texas Intermediate up by 2.0 per cent at US$69.00 per barrel.
The TSX was increased by 199.26 points at 8:45 CDT, trading at 19,718.69 points.
