Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly softer Thursday morning.
At 9:17 a.m. CDT the Canadian dollar was trading at US$0.7150 or US$1=C$1.3986 which compares with Wednesday’s close of US$0.7159 or US$1=C$1.3964.
Canadian manufacturing sales were down 1.4 per cent in March at C$71.9 billion, reported Statistics Canada. Sales were down for the second consecutive month, with declines in 13 of 21 subsectors. Meanwhile, wholesale sales in the country (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) were up 0.2 per cent at C$86.5 billion.
The TSX was holding stronger in early activity, up 53.16 points at 9:17 CDT to trade at 25,745.61.
Crude oil was softer in early trade, with West Texas Intermediate crude oil down by 2.34 per cent at US$61.67 per barrel.
