By MarketsFarm
WINNIPEG, March 2 (MarketsFarm) – The Canadian dollar was slightly softer Thursday morning, as general strength in the United States dollar internationally put some pressure on the domestic currency.
At 8:48 a.m. CST Thursday morning the Canadian dollar was at US$0.7337 or US$1=C$1.3630, which compares with Wednesday’s close of US$0.7346 or US$1=C$1.3612.
The Bank of Canada is set to make their next policy meeting on March 8, with ideas the Bank may hold rates steady this month after recent inflation data came in below expectations.
Crude oil was relatively steady in early trade, with West Texas Intermediate up by 0.1 per cent at US$77.76 per barrel.
The TSX was down by 96.84 points at 8:48 CST, trading at 20,162.94 points.
