By MarketsFarm
WINNIPEG, Jan. 13 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, seeing a modest correction from the seven-week highs relative to its United States counterpart hit the previous session.
At 8:48 a.m. CST Friday morning the Canadian dollar was at US$0.7443 or US$1=C$1.3435, which compares with Thursday’s close of US$0.7475 or US$1=C$1.3378.
Canadian home prices posted the first year-on-year decline since 2008 in the fourth quarter of 2022, according to a report from Royal LePage. The real estate company reported that median home prices in the country were down by 2.8 per cent on an annual basis compared to the end of 2021.
Crude oil was firmer in early trade, with West Texas Intermediate up by 0.8 per cent at US$79.03 per barrel.
The TSX was down by 19.83 points at 8:48 CST, trading at 20,191.37 points.
