By MarketsFarm
WINNIPEG, Nov. 3 (MarketsFarm) – The Canadian dollar was stronger Tuesday morning, with gains in crude oil helping underpin the energy-linked currency.
At 8:44 CST Tuesday morning the Canadian dollar was at US$0.7610 or C$1.3141 which compares with Monday’s North American close of US$0.7543 or C$1.3257.
The United States presidential election kept some caution in all markets on Tuesday, with Republican Donald Trump trailing in the polls to Democrat challenger Joe Biden. However, the U.S. electoral college system means that Trump could still win the presidency without winning the popular vote – as was the case in 2016.
West Texas Intermediate crude oil up 3.4 per cent in early activity, at US$38.06 per barrel.
The TSX was up by 132.71 points at 8:44 CST to trade at 15,829.58 points.
