By MarketsFarm
WINNIPEG, July 6 (MarketsFarm) – The Canadian dollar was slightly firmer Wednesday morning, seeing a modest correction after falling to its weakest level in 20 months relative to its United States counterpart.
At 8:55 a.m. CDT Wednesday morning the Canadian dollar was at US$0.7680 or US$1=C$1.3021, which compares with Tuesday’s close of US$0.7670 or US$1=C$1.3038.
Concerns over a possible global recession remained a bearish influence overhanging the international financial markets.
Crude oil remained pointed lower, with West Texas Intermediate down by 0.9 per cent in early activity at US$98.59 per barrel.
The TSX was also weaker, down 103.59 points at 8:55 CDT, trading at 18,730.57 points.
