By MarketsFarm
WINNIPEG, May 2 (MarketsFarm) – The Canadian dollar was softer early Thursday, as losses in crude oil and the global equity markets weighed on the currency.
At 9:10 CDT Thursday morning the Canadian dollar was at US$0.7426 or C$1.3466 which compares with Wednesday’s North American close of US$0.7454 or C$1.3416.
Crude oil stockpiles in the United States climbed to 470.6 million barrels last week, which was the highest level since September 2017. Production hit a record of 12.3 million barrels per day.
There were no significant Canadian economic releases on Thursday.
The TSX was weaker Thursday morning, down 26.27 points at 9:11 CDT to sit at 16,476.48.
