By MarketsFarm
WINNIPEG, Oct. 3 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, testing support at 75 U.S. cents as investors reacted to mounting global economic uncertainty.
At 9:14 CDT Thursday morning the Canadian dollar was at US$0.7501 or C$1.3332 which compares with Wednesday’s North American close of US$0.7522 or C$1.3294.
The U.S. is moving forward with imposing US$7.5 billion worth of tariffs against imports from the European Union, raising concerns over retaliation from Europe and a weaker global economy.
Losses in crude oil, which was down by roughly a dollar a barrel in early activity, also weighed on the energy-linked currency.
The TSX was weaker Thursday morning, down 105.23 points at 9:14 CDT to sit at 16,205.74.
