By MarketsFarm
WINNIPEG, Aug. 17 (MarketsFarm) – The Canadian dollar was slightly lower on Monday morning.
At 8:55 CDT Friday morning the Canadian dollar was at US$0.7544 or US$1=C$1.3255, which compares with Friday’s North American close of US$0.7547 or US$1=C$1.3250.
Prime Minister Justin Trudeau is set to meet with Finance Minister Bill Morneau today to discuss the deepening budget deficit, spurred largely by COVID-19 emergency relief funding. Morneau has pushed back against COVID-19 funding, as well a investments in various environmental projects.
The TSX was up by 98.02 points at 9:05 CDT to trade at 16,615.95 points.
Crude oil prices were slightly higher on Monday morning. West Texas Intermediate (WTI) was up 45 cents at US$42.46 per barrel. Brent Crude was up by 33 cents to trade at US$45.13.
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