Glacier FarmMedia — The Canadian dollar was relatively unchanged Friday morning, despite a rally in crude oil as financial markets reacted to Israeli attacks on Iran overnight and investors moved to safe havens like the United States dollar.
At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7341 or US$1=C$1.3622 which compares with Thursday’s close of US$0.7346 or US$1=C$1.3612.
Manufacturing sales in Canada were down for the third straight month in April, falling 2.8 per cent to C$69.6 billion, reported Statistics Canada. Wholesale trade in the country was also down, dropping 2.3 per cent at C$84.0 billion.
Crude oil was sharply higher, with West Texas Intermediate up 7.45 per cent at US$73.11 per barrel.
The TSX was down 103.47 points at 8:57 CDT to trade at 26,512.28.
