By Commodity News Service Canada
WINNIPEG, Dec. 5 (CNS Canada) – The Canadian dollar was down Wednesday morning shortly after Bank of Canada Governor Stephen Poloz made his announcement on interest rates.
At 9:15 CST Wednesday morning the Canadian dollar was at US$0.7478 or C$1.3369, which compares with Tuesday’s North American close of US$0.7565 or C$1.3219.
Poloz announced today the Bank of Canada will stay the course by keeping its key benchmark interest rate unchanged at 1.75 per cent.
Oil prices were up Wednesday morning. West Texas Intermediate crude was at US$53.66 per barrel after closing Wednesday at US$53.25.
Gold is up Wednesday morning by US$2.90 to US$1,240.40 per ounce.
The TSX/S&P Composite Index was up 112.36 points Wednesday morning at 15,239.080.
Equity markets in the U.S. will be closed today for the state funeral of former President George H.W. Bush, but commodity markets will remain open.
