Glacier FarmMedia — The Canadian dollar was slightly softer relative to its United States counterpart Thursday morning, as losses in crude oil and commodities weighed on the currency.
- At 8:43 a.m. CST the Canadian dollar was trading at US$0.7311 or US$1=C$1.3678 which compares with Wednesday’s close of US$0.7316 or US$1=C$1.3668.
- The federal government will announce new measures for Canada’s automobile sector today, with expectations that the electric vehicle mandate will be scrapped in favour of a new system of fuel efficiency standards and credits, reports the CBC.
- Gold was down by 1.93 per cent at US$4,855.30 per ounce.
- Easing tensions between the U.S. and Iran, ahead of planned talks in Oman on Friday, weighed on crude oil. West Texas Intermediate fell 2.72 per cent at US$63.37 per barrel.
- The TSX was 384.05 points lower at 8:43 CST to trade at 32,187.50.
