By MarketsFarm
WINNIPEG, Aug. 18 (MarketsFarm) – The Canadian dollar was stronger on Tuesday morning, staying just under 76 cents due to comparable weakness in other global currencies.
At 9:00 CDT Tuesday morning the Canadian dollar was at US$0.7598 or US$1=C$1.3161, which compares with Monday’s North American close of US$0.7572 or US$1=C$1.3207.
Finance Minister Bill Morneau announced his resignation following a meeting with Prime Minister Justin Trudeau on Monday evening to discuss the deepening budget deficit, as well as funding for environmental initiatives and continued COVID-19 relief.
The TSX was up by 5.11 points at 9:05 CDT to trade at 16,661.23 points.
Crude oil prices were slightly higher on Tuesday morning following reports of tightening stocks. West Texas Intermediate (WTI) was up 60 cents at US$41.82 per barrel. Brent Crude was up by 44 cents to trade at US$44.84.
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