By MarketsFarm
WINNIPEG, July 17 (MarketsFarm) – The Canadian dollar was slightly weaker Friday morning, as investors adjusted positions ahead of the weekend.
At 8:57 CDT Friday morning the Canadian dollar was at US$0.7364 or C$1.3580 which compares with Thursday’s North American close of US$0.7384 or C$1.3543.
Canadian wholesale sales increased by 5.7 per cent in May to hit C$52.6 billion, according to a report from Statistics Canada. Six of seven subsectors were up on the month as the economy started to show some recovery after dropping 21.4 per cent the previous month due to the COVID-19 pandemic.
Crude oil was holding steady, with West Texas Intermediate at US$40.93 per barrel.
The TSX was up by 61.90 points at 8:57 CDT to trade at 16,086.40 points.
