By Commodity News Service Canada
Winnipeg, April 19 – The Canadian dollar was lower against its
American counterpart on Wednesday, following losses in gold.
A slowdown in yield spreads was also a factor in the downturn,
according to Scotiabank.
Analysts are now waiting for domestic employment insurance
numbers to be released. Those are due out Thursday.
At 8:55 CDT Wednesday morning the Canadian dollar was at
US$0.7438 or C$1.3444 which compares with Tuesday’s North American
close of US$0.7473 or C$1.3381.
At 8:55 CDT Wednesday morning, the TSX was up 29.67 points, or
0.19%, at 15,652.24.
Gain in crude oil and natural gas prices helped prop up the
market.
