By MarketsFarm
WINNIPEG, April 24 (MarketsFarm) The Canadian dollar was slightly weaker Wednesday morning.
At 8:45 CDT Wednesday’s morning, the Canadian dollar was at US$0.7430 or C$1.3459, which compares with Tuesday’s North American close of US$0.7451 or C$1.3421.
Reports show a boost in United States crude oil inventories, offsetting concerns of global supply following President Trump’s campaign to completely halt Iranian crude exports.
Oil prices posted their best quarter since 2009, thanks in part to Saudi Arabia-led OPEC production cuts. Civil strife in Venezuela, Libya and Nigeria have also buoyed prices, according to Bloomberg.
After record-setting highs on Tuesday, stock performances were mixed on Wednesday morning. U.S. stocks were particularly weighed down by industrial companies such as Boeing and Caterpillar.
The TSX gained at 8:45 CDT, up 76.45 points at 16,592.95.
END
