By MarketsFarm
WINNIPEG, Oct. 2 (MarketsFarm) – The Canadian dollar was slightly weaker on Friday, remaining just above 75 United States cents.
At 8:50 CDT Friday morning the Canadian dollar was at US$0.7506 or US$1=C$1.3322, which compares with Thursday’s North American close of US$0.7523 or US$1=C$1.3292.
Global stock indices were rocked by the news that U.S. President Donald Trump and his wife Melania have tested positive for COVID-19 just weeks out of the election. The CBOE Volatility Index, known colloquially as Wall Street’s “fear gauge,” jumped up considerably on Friday as markets digested the implications.
The TSX was down 88.26 points at 8:50 CDT to trade at 16,135.13 points.
Crude oil prices were lower on Friday due to concerns of long-term demand depression. West Texas Intermediate (WTI) was down by US$1.47 at US$37.25 per barrel. Brent Crude was down by US$1.61 to trade at US$39.32.
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