Glacier FarmMedia | MarketsFarm — The Canadian dollar was stronger Friday morning, as financial markets reacted to the latest tariff threats out of the United States.
At 9:18 a.m. CDT the Canadian dollar was trading at US$0.7264 or US$1=C$1.3767 which compares with Thursday’s close of US$0.7210 or US$1=C$1.3870.
Canadian retail sales were up by 0.8 per cent in March, hitting C$69.8 billion, reported Statistics Canada. The sales data beat average expectations for an increase of 0.7 per cent. Advanced data for April suggests sales increased 0.5 per cent during the month.
The TSX weakened in early activity, losing 45.74 points at 9:18 CDT to trade at 25,808.27.
Crude oil was firm, with West Texas Intermediate up 0.31 per cent at US$61.39 per barrel.
