Glacier FarmMedia — The Canadian dollar was slightly softer Monday morning, as currency traders were awaiting fresh trade news to provide direction.
At 8:46 a.m. CDT the Canadian dollar was trading at US$0.7299 or US$1=C$1.3701 which compares with Friday’s close of US$0.7305 or US$1=C$1.3690.
Officials from China and the United States are meeting in London today to speak about tariffs and trade, with optimism growing that a deal will be reached after a call between the leaders of the two countries last week.
Crude oil was relatively steady in early activity, with the optimism over the U.S./China trade talks countered by soft economic data out of China and expectations for increased output from OPEC+.
West Texas Intermediate was down 0.25 per cent at US$64.42 per barrel.
The TSX weakened in early activity, losing 39.01 points at 8:46 CDT to trade at 26,390.12.
