Glacier FarmMedia — The Canadian dollar was weaker Wednesday morning.
At 9:08 a.m. CDT the Canadian dollar was trading at US$0.7273 or US$1=C$1.3749 which compares with Tuesday’s close of US$0.7294 or US$1=C$1.3710.
The income gap between the highest and lowest income households in Canada reached a record high in the first quarter of 2025 at 49.0 percentage points, reported Statistics Canada. The income gap is defined as the difference in the share of disposable income between households in the top 40 per cent of the income distribution and the bottom 40 per cent. The income gap has increased each year following the onset of the COVID-19 pandemic.
Crude oil prices were weaker Wednesday morning, with ongoing concerns over the economic impact of U.S. tariffs countering support from expectations for rising Chinese demand. West Texas Intermediate was down 1.19 per cent at US$65.73 per barrel.
The TSX was softer, losing 43.06 points at 9:08 CDT to trade at 27,011.41.
