Glacier FarmMedia — The Canadian dollar was holding steady Monday morning, with positioning ahead of next week’s Bank of Canada interest rate announcement behind some of the activity.
At 9:14 a.m. CDT the Canadian dollar was trading at US$0.7230 or US$1=C$1.3831 which compares with Friday’s close of US$0.7231 or US$1=C$1.3829.
Crude oil was posting small gains Monday morning, despite bearish news out of OPEC over the weekend that the group and its allies intend to go ahead with raising production in October. West Texas Intermediate was up 0.42 per cent at US$62.13 per barrel.
The TSX was down 140.82 points at 9:14 CDT to trade at 28,909.81.
