By Commodity News Service Canada
WINNIPEG, Jan. 7 (CNS Canada) – The Canadian dollar is up Monday morning as the United States dollar is losing ground to other world currencies.
At 8:44 CST Monday morning the Canadian dollar was at US$0.7487 or C$1.3452, which compares with Friday’s North American close of US$0.7457 or C$1.3410.
Uncertainty on the U.S. stock markets, the continuing partial shutdown of the U.S. government and the resumption of trade talks between China and the U.S. on Monday has resulted in slipping global demand for the U.S. dollar.
The TSX/S&P Composite Index was down 24.98 points Monday morning at 14,401.64.
Oil prices are up Monday morning. West Texas Intermediate crude is at US$48.60 per barrel after closing Friday at US$47.96.
Gold is up Monday morning by US$7.80, to US$1,293.60 per ounce.
