By MarketsFarm
WINNIPEG, Dec. 23 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning.
At 8:50 CST Wednesday morning the Canadian dollar was at US$0.7769 or US$1=C$1.2902, which compares with Tuesday’s North American close of US$0.7747 or US$1=C$1.2903.
Global stock indices were stronger despite talks that United States President Donald Trump might not sign the US$900 billion stimulus deal passed by Congress earlier this week. He also requested Congress increase the US$600 stimulus payment to Americans to at least US$2,000. At 8:55 CST the TSX was up by 57.22 points to trade at 17,609.38
Crude oil prices were stronger, walking back some of the losses earlier in the week. West Texas Intermediate (WTI) was up 48 cents at US$47.50 per barrel. Brent Crude gained 42 cents to trade at US$50.50.
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