By Commodity News Service Canada
WINNIPEG, Dec. 4 (CNS Canada) – The Canadian dollar was down Tuesday morning.
At 8:55 CST Tuesday morning the Canadian dollar was at US$0.7569 or C$1.3208, which compares with Monday’s North American close of US$0.7581 or C$1.3191.
Oil prices were up Tuesday morning. West Texas Intermediate crude was at US$53.28 per barrel after closing Monday at US$52.95.
The price for Western Canadian Select climbed to US$29.95 on Monday and the price differential with WTI narrowed to US$23.15. Only weeks ago WCS fell to US$13 per barrel and the differential reached US$40 per barrel. The improvements are in part due to recent measures taken by the Province of Alberta to curtail its oil glut. The province is buying rolling stock to ship 120,000 barrels of crude oil per day and imposing production cuts of 325,000 barrels per day.
Gold is up Tuesday morning by US$6.70 to US$1,243.60 per ounce.
The TSX/S&P Composite Index was down 35.46 points Tuesday morning at 15,239.080.
