By MarketsFarm
WINNIPEG, May 23 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, stemming from fears the United States/China trade war could hurt the global economy.
As of 8:38 CDT, the Canadian dollar was at US$0.7415 or C$1.3482 this morning. That compares to Wednesday’s North American close of US$0.7457 or C$1.3410.
Crude oil prices were down, hitting lows unseen in six months. The U.S./China trade war and growing crude inventories in the U.S. have been weighing on values.
West Texas Intermediate crude oil dropped US$1.83 at US$59.59 per barrel. Brent crude oil fell US$1.84 at US$69.15 per barrel.
Also caught up in the wellbeing of the global economy, the TSX/S&P Composite Index was down 108.71 points at 16,218.64 points
Gold was up US$5.10 at US$1,279.30 per ounce.
