By Commodity News Service Canada
WINNIPEG, Nov. 23 (CNS Canada) – The Canadian dollar was down Friday morning.
At 8:53 CST Friday morning the Canadian dollar was at US$0.7553 or C$1.3240, which compares with Thursday’s North American close of US$0.7573 or C$1.3205.
Statistics Canada reported Friday morning that the consumer price index for October was 2.4 per cent, up from the 2.2 per cent in September. Increases in the prices of cars was said to be responsible for the index going up.
Oil prices Friday morning were down US$3.44 per barrel. West Texas Intermediate crude this morning was US$51.27 per barrel. Markets in the United States were closed yesterday for the Thanksgiving holiday.
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Canadian Prime Minister Justin Trudeau was met by hundreds of protesters in Calgary, Alta, where he spoke with the city’s chamber of commerce. There is plenty of anger in Alberta as the Trudeau government’s fall fiscal update lacked any specific help for the province’s troubled oil industry. Trudeau said there are no quick-fixes to the situation, but his government’s C$14 billion in tax cuts and expanding the Trans Mountain pipeline will help in the long run.
Gold is down Friday morning to US$1,224.80 per ounce. There was no trading in U.S. markets yesterday because of the Thanksgiving holiday.
The Toronto TSX/S&P Composite Index was down 88.1 points Friday morning at 15,003.41.
