By MarketsFarm
WINNIPEG, Dec. 29 (MarketsFarm) – The Canadian dollar was slightly stronger on Tuesday morning, following a break in markets for the Christmas holidays.
At 8:45 CST Tuesday morning the Canadian dollar was at US$0.7815 or US$1=C$1.2795, which compares with Thursday’s North American close of US$0.7791 or US$1=C$1.2835.
Global stock indices were mostly stronger on Tuesday morning, following news that United States President Donald Trump signed into law Congress’s US$900 billion COVID-19 relief package, which includes a stimulus cheque to Americans, along with aid to small businesses and expanding unemployment benefits. At 8:55 CST the TSX was down by 70.52 points to trade at 17,553.36.
Crude oil prices were mixed, following reports of increased lockdown measures across the world as a new, more infectious strain of COVID-19 begins to spread from the United Kingdom. West Texas Intermediate (WTI) was up 18 cents at US$48.30 per barrel. Brent Crude was unchanged from the prior session’s close at US$51.29.
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