By MarketsFarm
WINNIPEG, June 10 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning, due to broad weakness in the United States dollar compared to other world currencies.
At 8:40 CDT Tuesday morning the Canadian dollar was at US$0.7462 or C$1.3401, which compares with Tuesday’s North American close of US$0.7450 or C$1.3423.
Crude oil prices were lower to start the morning. Although some economies have began opening up, the COVID-19 coronavirus is spreading at a fast rate in some states. Demand for crude oil remains lower than usual. However, losses were tempered by reports of low stockpiles in the U.S.
The TSX was down by 69.01 points at 8:40 CDT to trade at 15,755.73 points.
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