Glacier FarmMedia — The Canadian dollar was softer Tuesday morning, touching its weakest levels relative to its United States counterpart in the past month.
- At 8:48 a.m. CST the Canadian dollar was trading at US$0.7283 or US$1=C$1.3731 which compares with Monday’s close of US$0.7305 or US$1=C$1.3689.
- Quarterly earnings data released Tuesday by Scotiabank beat expectations, with strong growth reported in the wealth management and capital markets divisions. Adjusted profits during the quarter ended Jan. 31 of C$2.70 billion compare with C$2.36 billion the same time the previous year.
- Canadian Prime Minister Mark Carney will visit India later this week, with trade expected to be at the top of the agenda.
- Gold was down by 2.02 per cent at US$5,120.20 per ounce.
- Crude oil held relatively steady, with West Texas Intermediate 0.54 per cent higher at US$66.67 per barrel.
- The TSX was down 85.26 points at 8:48 CST to trade at 33,691.24.
