By MarketsFarm
WINNIPEG, Dec. 17 (MarketsFarm) The Canadian dollar was slightly weaker on Tuesday, dipping just below 76 U.S. cents.
At 8:30 CST, the Canadian dollar was at US$0.7592 or C$1.3171, which compares with Monday’s North American close of US$0.7609 or C$1.3142.
Stocks were mixed as the shine has worn off of the trade agreement between the United States and China. The global economic sentiment was also bearish due to news that the newly re-elected United Kingdom Prime Minister Boris Johnson has proposed legal changes that would increase the likelihood of a no-deal Brexit.
Oil prices hit three-month highs on the notion that the U.S.-China trade deal will bolster demand. Brent Crude was up by 33 cents at US$65.67 per barrel, and West Texas Intermediate (WTI) was up by 32 cents at US$60.53 per barrel.
The TSX was slightly weaker at 8:30 CST, down by 14.45 points at 17,041.91. The S&P 500 Index was up 22.65 points to hit 3,191.45. The Dow Jones gained 100.33 points at 28,235.89. The NASDAQ increased, up 79.35 to hit 8,814.23.
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