By MarketsFarm
WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar was lower Wednesday morning as crude oil prices were down.
As of 8:54 CDT, the Canadian dollar was at US$0.7535 or C$1.3272. That compares to Tuesday’s North American close of US$0.7548 or C$1.3249.
Crude oil prices were lower on Wednesday morning, as ongoing repairs restored much of the production at Saudi Arabia’s Khurais oil fields and Abqaiq oil processing plant.
Brent crude fell US$1.51 at US$61.84 and West Texas Intermediate crude was down US$1.35 at US$56.23 per barrel. Western Canadian Select crude oil slid US$1.50 at US$42.79 per barrel.
At the start of trading on Wednesday, the TSX/S&P Composite Index lost 18.50 points at 16,779.83.
It’s widely expected that stock markets in North America will be lower today due to political uncertainty in Washington as Democrats are pushing to impeach U.S. President Donald Trump.
Gold was down US$2.60 at US$1,529.32 per ounce.
