By MarketsFarm
WINNIPEG, April 5 (MarketsFarm) – The Canadian dollar was holding near unchanged Wednesday morning, lacking any clear direction.
At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7442 or US$1=C$1.3437, which compares with Tuesday’s close of US$0.7437 or US$1=C$1.3447.
Canada’s trade surplus with the rest of the world declined to C$422 million in February, from C$1.2 billion the previous month, as exports were down by 2.4 per cent and imports decreased by 1.3 per cent, according to a report from Statistics Canada.
Crude oil was slightly softer Wednesday morning, as uncertainty over looming OPEC+ production cuts was countered by global economic worries.
West Texas Intermediate was down by 0.5 per cent at US$80.32 per barrel.
The TSX dipped by 54.00 points at 8:55 CDT, trading at 20,221.76 points.
