By MarketsFarm
WINNIPEG, Aug. 7 (MarketsFarm) – The Canadian dollar was down Wednesday morning, with losses approaching a half cent.
As of 8:44 CDT, the Canadian dollar was at US$0.7502 or C$1.3321. That compares to Tuesday’s North American close of US$0.7545 or C$1.3253.
Crude oil prices were dropping Wednesday morning, as the U.S./China trade war has continued to take its toll on the markets. West Texas Intermediate crude oil was down US$1.42 at US$52.21 per barrel, and Brent crude oil was down US$1.35 at US$57.59 per barrel.
At the start of trading on Tuesday, the TSX/S&P Composite Index was down 54.25 points at 16,095.24. Expectations had been for the TSX to begin the day on the plus side on increased gold prices.
Gold was up US$24.10 at US$1,508.30 per ounce.
