By Commodity News Service Canada
WINNIPEG, Nov. 27 (CNS Canada) – The Canadian dollar was weaker Tuesday morning.
At 8:45 CST Tuesday morning the Canadian dollar was at US$0.7536 or C$1.3269, which compares with Monday’s North American close of US$0.7559 or C$1.3230.
General Motors Canada confirmed on Monday it will close its Oshawa, Ont. assembly plant in December 2019. The closure is one of five North American plants the General Motors Company is closing as the auto manufacturer restructures to build electric and autonomous vehicles. The Oshawa plant employs 2500 auto workers and 300 other staff. The union representing the Oshawa auto workers, Unifor, plans to fight the closure.
Oil prices Tuesday morning were up 30 United States cents per barrel. West Texas Intermediate crude this morning was at US$51.93 per barrel after closing Monday at US$51.63.
Gold is up Tuesday morning also by 30 U.S. cents to US$1,222.10 per ounce.
The Toronto TSX/S&P Composite Index was down 48.04 points Tuesday morning at 14,964.12.
