By Commodity News Service Canada
WINNIPEG, Dec. 14 (CNS Canada) – The Canadian dollar was down Friday morning along with oil, gold and the TSX.
At 8:50 CST Friday morning the Canadian dollar was at US$0.7469 or C$1.3385, which compares with Thursday’s North American close of US$0.7486 or C$1.3359.
Bond rating agency Moody’s dropped the Province of Ontario’s credit rating from Aa3 to Aa2 on Friday. Moody’s said Ontario’s growing debt and slow revenue growth will increase the province’s debt burden.
Oil prices were down Friday morning. West Texas Intermediate crude was at US$52.27 per barrel after closing Thursday at US$52.58.
Gold was down Friday morning by US$10.30 to US$1,233.40 per ounce.
The TSX/S&P Composite Index was down 97.27 points Friday morning at 14,653.08.
