By Commodity News Service Canada
WINNIPEG, Nov. 7 (CNS Canada) – The Canadian dollar is slightly up Wednesday morning, following the outcome of the United States mid-term elections.
At 8:46 CST Wednesday morning the Canadian dollar was at US$0.7647 or C$1.3075, which compares with Tuesday’s North
American close of US$0.7620 or C$1.3120.
As expected in the U.S., the Democrats took control of the House of Representatives and the Republicans increased their majority in the Senate. Meanwhile U.S. stocks and bonds have risen and the U.S. dollar has slipped.
The price of oil Wednesday morning is up by 48 US cents. West Texas Intermediate crude this morning is at US$62.69 per barrel after closing yesterday at US$62.21 per barrel.
Gold is up Wednesday morning to US$1,230.00 per ounce from yesterday’s close of US$1,226.50 per ounce.
The Toronto TSX/S&P Composite Index was up 39.71 points Wednesday morning shortly after open at 15,328.08.
