Glacier FarmMedia — The Canadian dollar was slightly softer Friday morning, with losses in crude oil to start the New Year weighing on the energy-linked currency.
At 8:59 a.m. CST the Canadian dollar was trading at US$0.7277 or US$1=C$1.3742 which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706. There was no closing price on Thursday due to the New Year’s Day holiday.
West Texas Intermediate crude oil was down 1.24 per cent at US$56.71 per barrel. The losses in crude oil came despite mounting tensions in several oil producing regions of the world, including Venezuela, Iran and Russia.
The TSX was up 126.56 points at 8:59 CST to trade at 31,839.32.
