By MarketsFarm
WINNIPEG, Nov. 13 (MarketsFarm) The Canadian dollar was slightly lower on Wednesday morning, ahead of a busy day of impeachment proceedings and the United States Federal Reserve Chair testifying to Congress.
At 8:20 CDT, the Canadian dollar was at US$0.7543 or C$1.3257, which compares with Tuesday’s North American close of US$0.7560 or C$1.3228.
Global stocks started Wednesday lower, reacting to U.S. President Donald Trump’s statements on Tuesday. President Trump said Phase 1 of the trade deal with China “could happen soon” but, if not, he may raise tariffs “very substantially.”
Oil prices were slightly lower following the generally negative sentiment regarding the global economy. Brent Crude was down 61 cents cents at US$61.45 per barrel, and West Texas Intermediate (WTI) was down 45 cents at US$56.35 per barrel.
The TSX was slightly weaker at 8:45 CDT, down by 7.05 at 16,902.65. The S&P 500 Index was up 4.83 points to hit 3,091.84. The Dow Jones lost 71.79 points at 27,619.70. The NASDAQ decreased, down 31.52 to hit 8,453.40.
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