By Commodity News Service Canada
WINNIPEG, May 2 (CNS Canada) The Canadian dollar was holding steady Wednesday morning, as investors awaited the latest interest rate decision from the United States Federal Reserve.
At 9:10 CDT Wednesday morning the Canadian dollar was at US$0.7767 or C$1.2875, which compares with Tuesday’s North American close of US$0.7772 or C$1.2867.
Most analysts expect the U.S. Fed will hold rates steady when it makes its announcement at 1:00 CDT following a monetary policy meeting. However, the accompanying statement will be read closely for signs of future moves.
Crude oil was holding steady in early activity, providing little direction for the energy-linked Canadian dollar.
The TSX was stronger at 9:10 CDT, up 42.23 points at 15,661.16.
