By MarketsFarm
WINNIPEG, July 23 (MarketsFarm) – The Canadian dollar was holding relatively steady Friday morning, seeing some consolidation after posting large price swings earlier in the week.
At 8:45 a.m. CDT Friday morning, the Canadian dollar was at US$0.7956 or US$1=C$1.2569 which compares with Thursday’s North American close of US$0.7957 or US$1=C$1.2567.
Canadian retail sales declined by 2.1 per cent in May, to hit C$53.8 billion, according to a report from Statistics Canada, with sales declining in eight of 11 subsectors. While many retailers were facing closures due to the third wave of COVID-19 during the month, preliminary data for June suggests a recovery with sales up 4.4 per cent.
West Texas Intermediate crude oil was down slightly, losing 0.2 per cent at US$71.75 per barrel.
The TSX was stronger, up 72.29 points at 8:45 CDT, trading at 20,169.81 points.
