By MarketsFarm
WINNIPEG, June 26 (MarketsFarm) The Canadian dollar was steady on Thursday morning, as the global trade outlook remained uncertain and tense ahead of the G20 meeting in Osaka, Japan.
At 8:30 CDT, the Canadian dollar was at US$0.7614 or C$1.3133, which compares with Wednesday’s North American close of US$0.7616 or C$1.3130.
United States President Donald Trump warned he might impose further tariffs on Chinese imports if there is no progress at his one-on-one meeting with Chinese President Xi Jinping at the G20.
Oil prices dropped from five-week highs following President Trump’s remarks. Brent Crude oil prices hovered around US$66 on Thursday morning, down 24 cents from the previous day. West Texas Intermediate prices were in the US$59 range, down 28 cents.
The TSX dropped at 8:30 CDT, down 59.06 points at 16,312.22. The S&P 500 Index was down 3.60 points to hit 2,913.78. Similarly, the Dow Jones lost 11.40 points at 26,536.82. The NASDAQ gained slightly, up 25.25 to hit 7,909.97.
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