By MarketsFarm
WINNIPEG, June 7 (MarketsFarm) The Canadian dollar was softer Tuesday morning, reacting to updated trade data.
At 8:46 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7941 or C$1.2593 which compares with Monday’s North American close of US$0.7959 or C$1.2564.
Canada’s trade surplus narrowed to C$1.5 billion in April, from a revised reading of C$2.3 billion the previous month, according to a report from Statistics Canada. Pre-report expectations had been for a slight increase in the trade surplus on the month. Imports were up by 1.9 per cent in April, while exports rose by 0.6 per cent.
Crude oil was slightly weaker in early trade. West Texas Intermediate was down by 0.24 per cent at US$118.22 per barrel.
The TSX was down by 58.20 points at 8:46 CDT to trade at 20,760.89 points.
