By MarketsFarm
WINNIPEG, April 18 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning, with concerns over a global economic slowdown behind some of the weakness as investors squared positions ahead of the Easter long weekend.
At 8:59 CDT Thursday morning the Canadian dollar was at US$0.7473 or C$1.3382 which compares with Wednesday’s North American close of US$0.7501 or C$1.3332.
The value of retail sales increased by 0.8 per cent in Canada in February hitting C$50.6 billion, according to a report from Statistics Canada. The general merchandise sector posted the largest gains, rising 3.8 per cent, after falling 2.8 per cent the previous month.
Crude oil was holding steady in early activity.
The TSX was stronger Thursday morning, up 49.67 points at 8:59 CDT to sit at 16,593.91.
