By Commodity News Service Canada
Winnipeg, May 21 – The Canadian dollar was weaker against its American counterpart Thursday morning, due to global economic worries and losses in crude oil.
At 8:55 CDT Thursday morning, the loonie was down 0.0023 of a cent to US$0.8169 or US$1 = C$1.2241. The Markit Composite Flash PMI for the euro zone dropped from 53.9 to 53.4. The Japanese economy accelerated its growth in the period from January to March, but according to a report, much of it was tied to construction of goods that haven’t necessarily been exported yet.
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On the commodity markets the June crude contract in New York rose US$0.97 to US$59.95 a barrel. The June gold contract dipped $4.40 to US$1,204.30 an ounce.
At 8:55 CDT Thursday morning, the TSX was up 87.89 points to 15,160.72.
