By MarketsFarm
WINNIPEG, June 9 (MarketsFarm) The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil and world equity markets helped take the currency off its recently hit seven-week highs.
At 8:46 a.m. CDT Thursday morning the Canadian dollar was at US$0.7947 or C$1.2583 which compares with Wednesday’s North American close of US$0.7974 or C$1.2540.
The European Central Bank confirmed plans to raise interest rates in July while also downgrading its growth forecast for Europe.
Crude oil was softer in early trade, with West Texas Intermediate down by 0.57 per cent at US$121.42 per barrel.
The TSX was down by 96.34 points at 8:45 CDT to trade at 20,696.09 points.
