By MarketsFarm
WINNIPEG, Aug. 12 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as losses in crude oil and general strength in the United States dollar internationally weighed on the currency.
At 8:55 a.m. CDT Friday morning the Canadian dollar was at US$0.7820 or US$1=C$1.2788, which compares with Thursday’s close of US$0.7841 or US$1=C$1.2753.
After softer-than-expected inflation data out of the U.S. weighed on the U.S. dollar earlier in the week, the dollar was showing some firmness on Friday amid ideas the Federal Reserve will still be hiking interest rates going forward. The U.S. Dollar Index was up by 0.51 per cent at 8:55 CDT, at 105.64 points.
Meanwhile, crude oil was weaker in early activity. West Texas Intermediate was down by 2.64 per cent at US$91.85 per barrel.
The TSX was up by 67.56 points at 8:55 CDT, trading at 20,059.44 points.
