Glacier FarmMedia | MarketsFarm — The Canadian dollar was slightly weaker Monday morning, amid ongoing uncertainty over tariffs from both China and the United States.
At 8:45 a.m. CST the Canadian dollar was trading at US$0.6930 or US$1=C$1.4430 which compares with Friday’s close of US$0.6958 or US$1=C$1.4371.
The Bank of Canada is scheduled to make its latest interest rate announcement on March 12, with general expectations calling for another 25-point cut to the key overnight rate. However, the accompanying statement will be followed closely.
Crude oil was firm in early trade, with West Texas Intermediate crude oil up by 0.25 per cent at US$67.21 per barrel.
The TSX was down by 220.46 points at 8:45 CST to trade at 24,538.30.
