By MarketsFarm
WINNIPEG, Oct. 11 (MarketsFarm) – The Canadian dollar was holding steady Wednesday morning, lacking any clear direction.
At 8:57 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7361 or US$1=C$1.3585, which compares with Tuesday’s close of US$0.7358 or US$1=C$1.3591.
The value of building permits issued in Canada increased by 3.4 per cent in August, hitting C$11.9 billion, according to a report from Statistics Canada, as losses in the residential sector were more than countered by gains in non-residential permits.
Exxon Mobil will buy Pioneer Natural Resources in an all-stock deal valued at US$59.5 billion, according to reports.
Crude oil was softer in early activity, with West Texas Intermediate down by 1.24 per cent at US$84.91 per barrel.
The TSX was stronger, up by 129.87 points at 8:57 CDT, trading at 19,631.07 points.
