Canadian dollar and business outlook

By MarketsFarm

WINNIPEG, Dec. 30 (MarketsFarm) – The Canadian dollar was slightly stronger on Wednesday morning, following optimism in global stock indices and crude oil values.

     At 8:45 CST Wednesday morning the Canadian dollar was at US$0.7822 or US$1=C$1.2784, which compares with Tuesday’s North American close of US$0.7809 or US$1=C$1.2806.

Global stock indices were mostly stronger on Wednesday morning, following news that the United Kingdom has approved AstraZeneca-Oxford’s COVID-19 vaccine. At 8:55 CST the TSX was down by 70.52 points to trade at 17,553.36.

Crude oil prices were slightly stronger due to optimism regarding COVID-19 vaccines. West Texas Intermediate (WTI) was up 19 cents at US$48.19 per barrel. Brent Crude increased 20 cents at US$51.43.

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