By MarketsFarm
WINNIPEG, Jan. 7 (MarketsFarm) – The Canadian dollar slipped under 77 U.S. cents Tuesday morning, as crude oil prices were down.
As of 8:45 CST, the Canadian dollar was at US$0.7682 or C$1.3019. That compares to Monday’s North American close of US$0.7710 or C$1.2970.
Crude oil prices were lower Tuesday morning as the markets have relaxed a little over the high tensions between the United States and Iran.
Brent crude oil was down 68 cents at US$68.23 per barrel and West Texas Intermediate lost 59 cents at US$62.68 per barrel. Western Canadian Select dipped 52 cents at US$40.23 per barrel.
Statistics Canada reported Tuesday that Canada’s trade deficit in November was C$1.1 billion, which was under October’s revised figure of C$1.6 billion. However the report cited the strike at Canadian National Railway resulted in exports falling C$48.7 billion.
The TSX/S&P Composite Index opened higher by 35.56 at 17,141.03 points.
Gold was up US$4.07 at US$1,569.81 per ounce.
