Canadian financial close: C$ steady Thursday

Glacier FarmMedia — The Canadian dollar held steady on Thursday.

• The Canadian dollar settled at US$0.7306 or US$1=C$1.3688, which compares with Wednesday’s close of US$0.7307 or US$1=C$1.3685.
• Quarterly earnings data from more major Canadian banks continued to top analysts’ expectations, with RBC, TD Bank and CIBC all showing increased profits during the quarter ended Jan. 31 compared to the same time a year ago.
• Canadian Prime Minister Mark Carney is travelling to India this week, with trade expected to be at the top of the agenda.
• Canadian gross domestic product data will be released on Friday, with most economists expecting a steady reading for the fourth quarter.

• West Texas Intermediate crude oil was up by 0.09 per cent at US$65.48 per barrel.
• The TSX Composite Index was climbed 374.63 points at 34,501.96 points.

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