By Commodity News Service Canada
WINNIPEG, Dec. 27 (CNS Canada) – The Canadian dollar is down Thursday morning as the Toronto Stock Exchange started the day on an upbeat note.
At 8:56 CST Thursday morning the Canadian dollar was at US$0.7325 or C$1.3651, which compares with Monday’s North American close of US$0.7359 or C$1.3589.
After being closed for Christmas Day and Boxing Day, the TSX/S&P Composite Index was up 244.31 points or 1.77 per cent Thursday morning at 14,024.502.
The story is different from the stock markets in the United States after the markets made gains Wednesday which had been unseen since 2008. The NASQAQ leapt by more than five per cent and the S&P 500 and DOW gained just under five per cent. However on Thursday morning, the three are down with S&P500 losing 1.19 per cent, the NASDAQ falling 1.34 per cent and the DOW dropping 1.25 per cent.
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Oil prices are down Thursday morning. West Texas Intermediate crude is at US$45.35 per barrel after closing Wednesday at US$46.22.
Gold is up Thursday morning by US$5.10 to US$1,274.10 per ounce.
