By MarketsFarm
WINNIPEG, Sept. 3 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, with losses in crude oil behind some of the selling pressure.
At 9:15 CDT Thursday morning the Canadian dollar was at US$0.7631 or C$1.3104 which compares with Wednesday’s North American close of US$0.7653 or C$1.3067.
Canada’s trade deficit widened to C$2.45 billion in July, from a revised reading of C$1.59 billion the previous month, according to a report from Statistics Canada.
Expectations for declining demand for gasoline accounted for weakness in crude oil to start the day, with West Texas Intermediate down 0.9 per cent at US$41.12 per barrel.
The TSX was steady at 9:15 CDT to trade at 16,697.98 points.
