By MarketsFarm
WINNIPEG, June 11 (MarketsFarm) – The Canadian dollar was weaker on Thursday morning, along with global stock indices and crude oil values.
At 8:40 CDT Thursday morning the Canadian dollar was at US$0.7415 or C$1.3486, which compares with Wednesday’s North American close of US$0.7468 or C$1.3390.
The United States Federal Reserve announced it would hold interest rates steady at near-zero into 2022, indicating that the economy will take a while to recover from the COVID-19 pandemic.
Crude oil prices were down to start the morning as demand for crude oil remains lower than usual. However, reports of low stockpiles in the U.S. tempered further losses.
The TSX was down by 403.13 points at 8:40 CDT to trade at 15,294.20 points.
