Glacier FarmMedia — The Canadian dollar was slightly softer Tuesday morning.
At 8:58 a.m. CST the Canadian dollar was trading at US$0.7145 or US$1=C$1.3996 which compares with Monday’s close of US$0.7154 or US$1=C$1.3979.
The Organization for Economic Cooperation and Development (OECD) raised its forecast for growth in the world economy in 2025 to 3.2 per cent, from an earlier estimate of 2.9 per cent. That would still be down from 3.3 per cent in 2024. OECD forecasts global growth to slow to 2.9 per cent in 2026.
“The global economy has been resilient this year, despite concerns about a sharper slowdown in the wake of higher trade barriers and significant policy uncertainty,” OECD Secretary-General Mathias Cormann wrote in a commentary accompanying the forecasts.
Crude oil was weaker, with West Texas Intermediate down 1.48 per cent at US$58.44 per barrel.
The TSX was up 16.54 points at 8:58 CST to trade at 31,118.32.
