The loonie was up 0.42 of a cent to
Traders looked to the release Wednesday of the latest snapshot of Canadian economic performance. Statistics
In the U.S., data on consumer confidence and house prices will be released later Tuesday morning.
On Wednesday, the U.S. Federal Reserve wraps up its two-day meeting. Policymakers are expected to further trim the central bank’s bond-buying program and provide further insight into the state of the world’s biggest economy.
Traders also look for further indications of when the Fed might start to raise short term interest rates, which have been near zero since the financial crisis six years ago.
Further U.S. data reports come on Thursday, when preliminary economic data for the first quarter is released, and Friday, with the April non-farm payrolls report. Also out Thursday is
Prices were mixed on the commodity markets with June crude in
July copper was down a cent to
Bullion prices were lower after the
That came after the U.S. and the
The loonie is up about 1/2 a cent this week, passing through a key technical level and partly supported "by ongoing Canadian equity performance (the TSX is up two per cent year to date; while the S&P 500 is flat) as well as several corporate releases that suggest strong oil prices and the level of the Canadian dollar has been a boost to profitability," noted
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