By MarketsFarm
WINNIPEG, Nov. 18 (MarketsFarm) – The Canadian dollar was relatively steady Wednesday morning amid renewed optimism towards a coronavirus vaccine.
As of 8:44 CST, the Canadian dollar was at US$0.7643 or C$1.3084, compared to Tuesday’s close of US$0.7637 or C$1.3094.
Pfizer Inc. said on Wednesday the final analysis of the trial data found its proposed vaccine tested 95 per cent effective. That’s five points higher than Pfizer’s preliminary data released on Nov. 9.
Benchmark crude oil prices were higher Wednesday morning, on that positive sentiment.
Brent crude oil gained 51 cents at US$44.26 per barrel. West Texas Intermediate (WTI) was up 32 cents at US$41.75 per barrel. Meanwhile Western Canadian Select (WCS) rose 58 cents at US$32.73 per barrel.
At the start of trading, the TSX/S&P Composite Index nudged up 11.18 points at 16,959.24.
Gold was down US$3.31 at US$1,877.07 per ounce.
