By MarketsFarm
WINNIPEG, Feb. 17 (MarketsFarm) – The Canadian dollar was slightly weaker Thursday morning, pressured by declines in crude oil as world markets continued to react to conflicting reports on the ongoing tensions between Russia and Ukraine.
At 8:43 a.m. CST Thursday morning the Canadian dollar was at US$0.7872 or US$1=C$1.2703, which compares with Wednesday’s close of US$0.7883 or US$1=C$1.2686.
Foreign investment in Canadian securities came in at C$37.6 billion in December, according to a report from Statistics Canada. That marked the largest investment since April 2020. Meanwhile, Canadian investors increased their holdings of foreign securities by C$21.3 billion, leading to a net inflow of C$16.3 billion to the country’s economy during the month.
West Texas Intermediate crude oil was down 2.1 per cent, at US$91.50 per barrel.
The TSX was lower, down 118.91 points at 8:43 CST, trading at 21,383.64 points.
