By MarketsFarm
WINNIPEG, Sept. 30 (MarketsFarm) The Canadian dollar was slightly weaker on Monday morning.
At 8:15 CDT, the Canadian dollar was at US$0.7544 or C$1.3255, which compares with Friday’s North American close of US$0.7548 or C$1.3249.
Global stock markets started the week slightly lower due to a host of global economic data. On Monday morning, Chinese manufacturing data was stronger than expected but not strong enough to quell concerns of an ongoing trade war with the United States. The U.S. will release nonfarm payroll data on Friday.
Read Also
Canadian dollar and business outlook
Glacier FarmMedia — The Canadian dollar was holding near unchanged Monday morning. At 9:08 a.m. CDT the Canadian dollar was…
Oil prices were lower on Friday due to easing tensions in key oil producing regions. Rumours have surfaced that the U.S. may ease sanctions on Iran, and Saudi Arabia has called a partial cease-fire in Yemen. Brent Crude oil futures hovered around US$60 on Friday morning, down US$1.03. West Texas Intermediate prices were in the US$55 range, down 70 U.S. cents.
The TSX lost ground at 8:30 CDT, down 10.77 points at 16,687.45. The S&P 500 Index was down 15.83 points to hit 2,961.79. Similarly, the Dow Jones lost 70.87 points at 26,820.25. The NASDAQ decreased, down 91.03 to hit 7,939.63.
END
