Glacier FarmMedia | MarketsFarm — The Canadian dollar was firmer Monday morning, although activity was somewhat subdued with European markets closed for Easter Monday. Some Canadian federal institutions are also closed today.
Broad weakness in the United States dollar internationally accounted for some of the relative strength in the Canadian currency, amid ongoing uncertainty over U.S. tariff policies.
At 9:34 a.m. CDT the Canadian dollar was trading at US$0.7243 or US$1=C$1.3806 which compares with Thursday’s close of US$0.7217 or US$1=C$1.3857.
Crude oil was weaker in early trade, with West Texas Intermediate crude oil down by 2.37 per cent at US$63.15 per barrel.
The TSX was down by 161.88 points at 9:34 CDT to trade at 24,030.93.
