Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger on Friday, as fresh tariff threats from United States President Donald Trump led to broad weakness in the U.S. currency internationally.
The Canadian dollar settled at US$0.7270 or US$1=C$1.3756, which compares with Thursday’s close of US$0.7210 or US$1=C$1.3870.
Canadian retail sales were up by 0.8 per cent in March, hitting C$69.8 billion, reported Statistics Canada. The sales data beat average expectations for an increase of 0.7 per cent. Advanced data for April suggests sales increased 0.5 per cent during the month.
Crude oil was firm, with West Texas crude oil up by 0.80 per cent at US$61.69 per barrel.
The TSX Composite Index gained 25.94 points to close at 25,879.95 points.
