By MarketsFarm
WINNIPEG, June 18 (MarketsFarm) – The Canadian dollar was slightly softer Thursday morning, holding within a narrow range.
At 8:44 CDT Thursday morning the Canadian dollar was at US$0.7366 or C$1.3576 which compares with Wednesday’s North American close of US$0.7377 or C$1.3555.
Statistics Canada trade data showed wholesale sales in the country dropped by 21.6 per cent in April, to C$49.8 billion. That marked the lowest level since July 2013, with all seven subsectors reporting declines.
New home prices edged up by 0.1 per cent in May after holding steady in April, according to Statistics Canada.
Jobs data compiled by payroll services company ADP showed Canada added 208,400 jobs in May, as COVID-19 restrictions started to ease. The growth came after 2.36 million jobs were lost the previous month, according to revised data.
Crude oil was slightly weaker, with West Texas Intermediate down about 0.5 per cent US$37.99 per barrel.
The TSX was down by 33.50 points at 8:44 CDT to trade at 15,395.19 points.
