Glacier FarmMedia | MarketsFarm — The Canadian dollar was holding relatively steady Friday morning amid ongoing tariff uncertainty.
At 8:51 a.m. CDT the Canadian dollar was trading at US$0.6950 or US$1=C$1.4388 which compares with Thursday’s close of US$0.6940 or US$1=C$1.4409.
Canadian manufacturing sales were up by 1.7 per cent in January to C$73.0 billion, reported Statistics Canada. The motor vehicle industry group led the move higher, rising 11.1 per cent.
Canadian wholesale sales (excluding petroleum, petroleum products, and other hydrocarbons and excluding oilseed and grain) rose 1.2 per cent to C$85.1 billion in January.
Crude oil was firm in early trade, with West Texas Intermediate crude oil up by 0.33 per cent at US$66.77 per barrel.
The TSX was up by 224.31 points at 8:51 CDT to trade at 24,427.54.
