By MarketsFarm
WINNIPEG, May 20 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning, consolidating in a narrow range relative to its United States counterpart.
At 8:55 a.m. CDT Thursday morning, the Canadian dollar was at US$0.8272 or US$1=C$1.2089 which compares with Tuesday’s North American close of US$0.8264 or US$1=C$1.2100.
The number of Canadians receiving regular unemployment benefits fell by 4.8 per cent in March to 1.5 million, according to a report from Statistics Canada. Pandemic restrictions eased in a number of provinces during the month.
Bank of Canada Governor Tiff Macklem is holding a press conference later in the day to discuss the Financial System Review.
West Texas Intermediate crude oil was down by 1.0 per cent in early activity to trade at US$62.73 per barrel.
The TSX was stronger, up by 49.92 points at 8:55 CDT, trading at 19,466.95 points.
