By MarketsFarm
WINNIPEG, July 21 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, as losses in crude oil weighed on the energy-linked currency.
At 8:57 a.m. CDT Thursday morning the Canadian dollar was at US$0.7740 or US$1=C$1.2920, which compares with Wednesday’s close of US$0.7762 or US$1=C$1.2884.
Statistics Canada reported that about 499,000 Canadians received employment insurance in May, which was relatively unchanged from the previous month.
New home prices in Canada were up by 0.2 per cent in June compared to the previous month, according to a separate StatCan report.
Crude oil was pressured lower by concerns over waning North American demand and reports of increased production out of Libya. West Texas Intermediate was down by 3.2 per cent at US$96.65 per barrel.
The TSX was also weaker, down 13.33 points at 8:53 CDT, trading at 19,007.34 points.
