Glacier FarmMedia — The Canadian dollar was holding steady Wednesday morning.
- At 8:56 a.m. CST the Canadian dollar was trading at US$0.7308 or US$1=C$1.3684 which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685.
- Quarterly earnings data from more major Canadian banks continued to top analysts’ expectations, with RBC, TD Bank and CIBC all showing increased profits during the quarter ended Jan. 31 compared to the same time a year ago.
- Alberta will release its provincial budget later Thursday, with Premier Danielle Smith indicating a “significant” deficit. The size of that deficit remains to be seen.
- Canadian Prime Minister Mark Carney is travelling to India today, with trade expected to be at the top of the agenda.
- Gold was down by 0.73 per cent at US$5,187.80 per ounce.
- Crude oil was softer, with West Texas Intermediate down 2.05 per cent at US$64.08 per barrel.
- The TSX was up 66.07 points at 8:56 CST to trade at 34,193.40.
