By MarketsFarm
WINNIPEG, Sept. 8 (MarketsFarm) – The Canadian dollar was lower on Tuesday morning, following the Labour Day long weekend.
At 8:35 CDT Tuesday morning the Canadian dollar was at US$0.7594 or US$1=C$1.3168, which compares with Friday’s North American close of US$0.7640 or US$1=C$1.3089.
Global stock market participants continue to monitor the race to develop a COVID-19 vaccine. Leaders of major pharmaceutical companies have signed a public letter vowing to not cut corners in the development process despite expedited timelines.
The TSX was down 220.86 points at 8:45 CDT to trade at 15,984.15 points.
Crude oil prices were lower on Tuesday. Last night, a fire erupted on an oil tanker off the shore of Sri Lanka. West Texas Intermediate (WTI) was down US$2.80 at US$36.97 per barrel. Brent Crude was down by US$1.90 to trade at US$40.11.
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