By Commodity News Service Canada
WINNIPEG, Dec. 20 (CNS Canada) The Canadian dollar was slightly weaker Thursday morning, as continued losses in crude oil weighed on the energy linked currency.
At 9:04 CST Thursday morning the Canadian dollar was at US$0.7418 or C$1.3481 which compares with Wednesday’s North American close of US$0.7435 or C$1.3450.
West Texas Intermediate (WTI) crude oil was down by more than a dollar per barrel in early activity, as it trades at its lowest levels of the past year.
Canadian wholesale sales were up by 1.0 per cent in October, hitting C$63.8 billion, according to a report from Statistics Canada. That more than offset the 0.7 per cent decline in September.
The Dow Jones Industrial Average was weaker in early activity, but the TSX was holding onto small gains. The Canadian index was up by 25.98 points at 9:04 CST at 14,290.98.
