WINNIPEG, Jan. 15 (MarketsFarm) The Canadian dollar was slightly lower on Wednesday, ahead of the scheduled signing of Phase One of the trade deal between the United States and China.
At 9:00 CST, the Canadian dollar was at US$0.7648 or C$1.3075., which compares with Tuesday’s North American close of US$0.7656 or C$1.3062.
Stock performances were muted in anticipation of the trade deal. Specific details will be released after the agreement is signed, according to the White House.
Oil prices were near six-week lows following a report from the American Petroleum Institute that showed an increase in U.S. crude stockpiles. Brent Crude was down by 13 cents at US$64.36 per barrel, and West Texas Intermediate (WTI) was down by 20 cents at US$58.03 per barrel.
The TSX was slightly higher at 9:00 CST, up by 40.94 points at 17,393.84. The S&P 500 Index was up 6.38 points to hit 3,289.42. The Dow Jones gained 57.28 points at 28,996.13. The NASDAQ increased slightly, up 20.02 to hit 9,270.23.