By Commodity News Service Canada
WINNIPEG, Dec. 10 (CNS Canada) – The Canadian dollar was down Monday morning with drops in the oil and gold prices and the stock markets.
At 9:03 CST Monday morning the Canadian dollar was at US$0.7486 or C$1.3353, which compares with Friday’s North American close of US$0.7519 or C$1.3299.
China’s Vice Foreign Minister met with the Canada’s ambassador over the weekend regarding the arrest of Huawei Chief Financial Officer Meng Wanzhou. China has accused Canada of not immediately informing their consulate of the arrest in Vancouver on Dec. 1. China said Canada could face severe consequences for arresting Meng. She is facing extradition to the U.S. for allegedly violating sanctions against Iran. The CFO’s arrest has negatively affected North American stock markets and threatens to sour any resolution to the U.S./China trade war.
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Oil prices were down Monday morning. West Texas Intermediate crude was at US$51.36 per barrel after closing Friday at US$52.61.
Gold was down Monday morning by US$1.70 to US$1,246.50 per ounce.
The TSX/S&P Composite Index was down 11.50 points Monday morning at 14,783.63.
