CAD Holds Steady Amid Fed Rate Decision Wait

The Canadian dollar held steady on Tuesday morning as currency traders waited for the US Federal Reserve's interest rate decision, scheduled for Wednesday.

According to data from Tuesday morning, the CAD was trading at $0.7188 or $1=C$1.3912, compared to Monday's close of $0.7190 or $1=C$1.3909.

The uncertainty surrounding the war in the Middle East continued to affect crude oil prices, with West Texas Intermediate increasing by 1.7% to $103.07 per barrel.