By MarketsFarm
WINNIPEG, April 4 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning, despite an increase in crude oil demand and global stock optimism.
At 8:45 CDT Thursday morning, the Canadian dollar was at US$0.7482 or C$1.3364, which compares with Wednesday’s North American close of US$0.7505 or C$1.3324.
Crude oil prices held firm amongst speculations of global demand increasing, according to CNBC. “there’s a much-better-than-expected demand picture after the recent China and U.S. PMI numbers, along with a potential kicker from any U.S.-China trade agreement,” said Michael McCarthy, chief market strategist at CMC Markets, to CNBC.
Stock futures jumped on Thursday morning in anticipation of positive news from trade talks between United States President Donald Trump and Chinese Vice Premier Liu He. Many hope the meeting between the two countries means negotiations are reaching their final stages.
The TSX gained at 8:45 CDT, up 14.32 points at 16,294.26.
