By MarketsFarm
WINNIPEG, March 24 (MarketsFarm) – The Canadian dollar was slightly weaker Wednesday morning, despite gains in crude oil.
At 8:58 a.m. CDT Wednesday morning, the Canadian dollar was at US$0.7953 or US$1=C$1.2574 which compares with Tuesday’s North American close of US$0.7961 or US$1=C$1.2562.
Canadian manufacturing sales likely dipped by 1.0 per cent in February, according to an early flash estimate from Statistics Canada. The official data will be released April 15.
Crude oil was up sharply on Wednesday, as a container ship ran aground in the Suez Canal blocking movement through the key oil shipping passage.
West Texas Intermediate crude oil was up by 3.3 per cent in early activity to trade at US$59.68 per barrel.
The TSX was up by 37.19 points at 8:58 CDT, trading at 18,706.99 points.
