By MarketsFarm
WINNIPEG, Sept. 9 (MarketsFarm) – The Canadian dollar was slightly lower on Wednesday morning, due to comparable strength in the United States dollar.
At 8:40 CDT Wednesday morning the Canadian dollar was at US$0.7577 or US$1=C$1.3197, which compares with Tuesday’s North American close of US$0.7581 or US$1=C$1.3191.
Global stock market participants continue to monitor the race to develop a COVID-19 vaccine. Dr. Anthony Fauci, the White House’s advisor, believes a vaccine will be available in early 2021.
The TSX was up 218.10 points at 8:55 CDT to trade at 16,315.72 points.
Crude oil prices were stronger on Wednesday. West Texas Intermediate (WTI) was up 49 cents at US$37.25 per barrel. Brent Crude was up by 23 cents to trade at US$40.01.
END
