By MarketsFarm
WINNIPEG, July 22 (MarketsFarm) – The Canadian dollar was slightly softer Monday morning, as disappointing domestic economic data weighed on the currency.
At 8:56 CDT Monday morning the Canadian dollar was at US$0.7638 or C$1.3092 which compares with Friday’s North American close of US$0.7651 or C$1.3071.
The value of Canada’s wholesale trade declined by 1.8 per cent in May, hitting C$63.8 billion, after posting gains the previous five months, according to a report from Statistics Canada.
The international currency markets were seeing some uncertainty on Monday, as investors were looking for direction from rumoured trade talks between the United States and China.
Crude oil was slightly firmer in early trade.
The TSX was stronger Monday morning, up 36.61 points at 9:56 CDT to sit at 16,522.55.
