By MarketsFarm
WINNIPEG, Nov. 12 (MarketsFarm) – The Canadian dollar was weaker on Thursday, pulling back some of the significant gains made earlier in the week.
At 8:45 CST Thursday morning the Canadian dollar was at US$0.7613 or US$1=C$1.3137, which compares with Tuesday’s North American close of US$0.7682 or US$1=C$1.3017.
Global stock indices were lower on Thursday on ideas that initial optimism regarding a COVID-19 vaccine was overdone. Governments around the world have repeated that a vaccine will likely not be widely available before mid-2021.
The TSX was down 37.23 at 9:45 CST to trade at 16,736.99 points.
Crude oil prices were slightly higher in early morning activity. West Texas Intermediate (WTI) was up 36 cents at US$41.81 per barrel. Brent Crude gained 27 cents to trade at US$44.07.
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