By Commodity News Service Canada
WINNIPEG, March 1 (MarketsFarm) -The Canadian dollar weakened on Friday, as announcements of a stronger United States fourth quarter GDP impacted other global currencies.
At 8:30 CST Friday morning the Canadian dollar was at US$0.7560 or C$1.3228 which compares with Thursday’s North American close of US$0.7594 or C$1.3169.
Crude oil prices steadied on Friday, calming concerns of global economic slowdown. U.S. oil sanctions and OPEC production cuts controlled the oil supply.
Meanwhile, global stocks saw a boost on Friday, as the U.S. remains optimistic about trade talks with China. President Trump hopes to have a summit with Chinese President Xi Jinping by mid-March.
The TSX was up at 8:45 CST, up 99.28 points at 16,095.57.
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