By Commodity News Service Canada
WINNIPEG, Feb. 28 (CNS Canada) The Canadian dollar was weaker on Thursday, as investors responded to global market uncertainty after unproductive trade talks between the United States and China.
Additionally, lack of clarity out of nuclear talks between the United States and North Korea added to global uncertainty.
At 8:30 CST Thursday morning the Canadian dollar was at US$0.7575 or C$1.3201 which compares with Wednesday’s North American close of US$0.7607 or C$1.3145.
Crude oil gained slightly on Thursday, supporting the energy-linked Canadian dollar.
Meanwhile, U.S. stock futures have recovered off of earlier lows due to reports that the economy fared better than expected in the fourth quarter of 2019. The 2.6 percent annualized rate of growth in gross domestic product is slightly above the estimated 2.2 percent, boosting the U.S dollar to the detriment of other world currencies.
The TSX was gaining at 8:30 CST, up 6.39 points at 16,074.30.
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