By Commodity News Service Canada
WINNIPEG, May 4 – The Canadian dollar was mostly unchanged against its US counterpart on Thursday.
Strong domestic data partially offset the bearish effects of losses in crude oil futures in early activity.
Canada’s merchandise trade balance with the world posted a C$135 million deficit in March, narrowing from a C$1.1 billion deficit in February, Statistics Canada said in a report on Thursday.
The loonie was also taking a breather after hitting a 14-month-low in previous sessions.
At 8:55 CDT Thursday, the Canadian dollar was at US$0.7285 or US$=C$1.3727, which compares with Wednesday’s North American close of US$0.7292 or US$1=C$1.3714.
The TSX was down 78.72 points at 8:55 CDT Thursday morning to sit at 15,464.42.
