Canadian Financial Close: C$ weakens Thursday

Glacier FarmMedia | MarketsFarm — The Canadian dollar was softer on Thursday amid ongoing uncertainty over the escalating trade war with the United States.

The Canadian dollar settled at US$0.6940 or US$1=C$1.4409, which compares with Wednesday’s close of US$0.6949 or US$1=C$1.4391.

The total value of building permits issued in Canada dipped by 3.2 per cent in January to C$12.8 billion, reported Statistics Canada. The largest losses were in Ontario.

Crude oil was weaker, with West Texas crude oil down by 1.65 per cent at US$66.56 per barrel.

The TSX Composite Index lost 220.11 points to close at 24,203.23 points.