Glacier FarmMedia — The Canadian dollar remained rangebound Friday morning, lacking any clear direction.
At 9:02 a.m. CDT the Canadian dollar was trading at US$0.7120 or US$1=C$1.4045 which compares with Thursday’s close of US$0.7118 or US$1=C$1.4048.
Speaking in Washington, D.C., on Thursday Bank of Canada Governor Tiff Macklem said the growth outlook remained “soft” for the country. “We do expect growth in the second half of the year … but with weakness in business investment and exports and uncertainty about jobs, growth will likely be soft,” he said.
The continued shutdown of the U.S. government and resulting lack of economic data remained a feature in the financial markets.
Crude oil was steady, with West Texas Intermediate down by 0.04 per cent at US$56.97 per barrel.
The TSX was weaker, losing 204.33 points at 9:02 CDT to trade at 30,254.47.
