Glacier FarmMedia — The Canadian dollar was softer Friday morning, in relatively quiet trade as markets in the United States were closed for Independence Day.
At 8:57 a.m. CDT the Canadian dollar was trading at US$0.7349 or US$1=C$1.3607 which compares with Thursday’s close of US$0.7366 or US$1=C$1.3575.
While U.S. markets were closed, uncertainty over the country’s trade policies remained a background feature in global financial markets. President Donald Trump told reporters Friday that tariffs of anywhere from 10 to 70 per cent would be imposed on many countries soon, with his self-imposed July 9 deadline for reaching deals fast approaching.
Crude oil prices were softer Friday morning, with West Texas Intermediate down 1.03 per cent at US$66.31 per barrel.
The TSX was relatively unchanged, up only 1.78 points at 8:57 CDT to trade at 27,036.04.
