By Commodity News Service Canada
Winnipeg, May 1 – The Canadian dollar was down slightly against its US counterpart Thursday morning as investors waited to see US jobs data and manufacturing information due to be released tomorrow.
The loonie is range-bound as markets in Europe and Asia, widely closed for the May Day holiday, have induced a lack of trading interest, according to a report by RBC Capital Markets.
The June crude contract in New York fell 74 cents to US$99 a barrel, which was bearish.
At 8:45 CDT Thursday, the Canadian dollar was at US$0.9102 or US$=C$1.1099 which compares with Wednesday’s North American close of US $0.9124, or US$=C$1.0960.
The TSX was up 68.76 points Thursday morning at 8:45 CDT, to sit at 14,651.87.
