By Commodity News Service Canada
WINNIPEG, MB, Jan. 16, 2018 (CNS Canada) – The Canadian dollar was virtually unchanged Wednesday morning, following the lead of gold prices.
At 8:45 CST Wednesday morning the Canadian dollar was at US$0.7539 or C$1.3254, which compares with Tuesday’s North American close of US$0.7538 or C$1.3266.
Oil prices were lower Wednesday, pressured by concerns over the outlook of the global economy. United States West Texas Intermediate crude lost 29 U.S. cents to US$51.82 per barrel.
Gold prices were steady Wednesday, as uncertainty over Brexit and the U.S. government shutdown was countered by a firmer U.S. dollar. Spot gold was little changed at US$1,288.77 per ounce, while U.S. gold futures were also unchanged at US$1,288.50 per ounce.
The Toronto TSX/S&P Composite Index opened higher Wednesday, supported by bank shares. The TSX/S&P gained 25.99 points, or 0.17 per cent, to 15,072.27, shortly after open.
