By Glen Hallick
Glacier FarmMedia MarketsFarm – The Canadian dollar was virtually unchanged on Thursday morning held in check by a stronger United States dollar and declines in crude oil.
As of 8:37 am CDT, the loonie was at US$0.7243 or US$1=C$1.3808 compared to Wednesday’s close of US$0.7242 or US$1=C$1.3809. On the United States Dollar Index, the greenback gained 0.415 of a point at 99.685.
Benchmark crude oil prices continued lower on Thursday morning following yesterday’s Department of Commerce report that said the U.S. economy contracted 0.3 per cent in the first quarter of 2025.
Brent crude oil was down 33 cents at US$60.73 per barrel and West Texas Intermediate lost 31 cents at US$57.90.
The TSX/S&P Composite Index stepped back 60.88 points at 24,780.80.
Gold retreated US$85.50 at US$3,233.60 per ounce.
