By MarketsFarm
WINNIPEG, July 4 (MarketsFarm) The Canadian dollar was slightly stronger on Wednesday morning, following reports of a trade surplus during the month of May.
At 9:00 CDT, the Canadian dollar was at US$0.7656 or C$1.3061, which compares with Tuesday’s North American close of US$0.7649 or C$1.3073.
Oil prices turned downwards after U.S. stocks were reported as larger than originally anticipated. Though stockpile levels have fallen for the third consecutive week, they dropped less than forecast in a Bloomberg survey. Brent Crude oil futures hovered around US$63 on Wednesday morning, down 37 cents. West Texas Intermediate prices were in the US$56 range, down 38 cents.
The TSX lost slightly at 9:00 CDT, down 10.50 points at 16,565.03. The S&P 500 Index was up 22.81 points to hit 2,995.82. Similarly, the Dow Jones gained 179.32 points at 26,966.00. The NASDAQ also increased, up 61.14 to hit 8,170.23.
END
