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Canadian dollar and business outlook

Published: June 12, 2025

Glacier FarmMedia — The Canadian dollar was stronger Thursday morning, although escalating tensions in the Middle East kept some caution in global financial markets.

At 8:59 a.m. CDT the Canadian dollar was trading at US$0.7340 or US$1=C$1.3624 which compares with Wednesday’s close of US$0.7318 or US$1=C$1.3665

The ratio of household debt to disposable income in Canada rose to 173.9 per cent in the first quarter of 2025, from 173.5 per cent in the final quarter of 2024 on a seasonally adjusted basis, as debt grew faster than income, Statistics Canada reported.

Crude oil was weaker, with West Texas Intermediate down 1.00 per cent at US$67.47 per barrel.

The TSX was down 4.59 points at 8:59 CDT to trade at 26,519.57.

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