Canadian financial close: C$ weakens Thursday

Glacier FarmMedia — The Canadian dollar was slightly softer on Thursday.

• The Canadian dollar settled at US$0.7284 or US$1=C$1.3728, which compares with Wednesday’s close of US$0.7296 or US$1=C$1.3706.
• The Bank of Canada and the U.S. Federal Reserve left their key interest rates unchanged in policy announcements on Wednesday but warned of higher inflation.
• The Bank of England, the European Central Bank and the Bank of Japan also held rates steady on Thursday. 
• The war in the Middle East remained the focus of world energy markets, with crude oil rising in early activity before eventually retreating. West Texas Intermediate was down by 1.41 per cent at US$94.11 per barrel.
• The TSX Composite Index lost 457.69 points at 31,854.98 points.
• Gold was 4.84 per cent lower at US$4,659.00 per ounce.

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