By Commodity News Service Canada
WINNIPEG, June 3 The Canadian dollar was weaker than its US counterpart Wednesday morning. Canada’s trade deficit weighed on the dollar when imports and exports fell in April.
At 8:45 CDT Wednesday morning the Canadian dollar was at US$0.8018 or C$1.2472—weaker than Tuesday’s North American close of US$0.8059, or C$1.2408.
Canada’s merchandise trade deficit with the world narrowed from C$3.9-billion in March to C$3.0-billion in April, according to Statistics Canada data.
StatsCan also reported that import volumes fell 1.8 per cent and prices slipped 0.8 per cent. Exports were down 0.7 per cent at C$41.9-billion.
At 8:45 a.m. CDT the TSX sat at 15,104.74, after going up 8.58 points.
