Glacier FarmMedia — The Canadian dollar was slightly softer at Tuesday’s close, with positioning ahead of jobs data due out later in the week behind some of the activity.
The Canadian dollar settled at US$0.7150 or US$1=C$1.3986, which compares with Monday’s close of US$0.7154 or US$1=C$1.3979.
The Organization for Economic Cooperation and Development (OECD) raised its forecast for growth in the world economy in 2025 to 3.2 per cent, from an earlier estimate of 2.9 per cent. That would still be down from 3.3 per cent in 2024. OECD forecasts global growth to slow to 2.9 per cent in 2026.
West Texas Intermediate crude oil was down by 1.13 per cent at US$58.65 per barrel.
The TSX Composite Index lost 52.50 points at 31,049.28 points.
