WINNIPEG (MarketsFarm) – The Canadian dollar was stronger Tuesday morning as activity resumed after Monday’s Thanksgiving holiday.
At 8:55 a.m. CDT Tuesday morning the Canadian dollar was at US$0.7357 or US$1=C$1.3592, which compares with Friday’s close of US$0.7308 or US$1=C$1.3683.
The conflict between Hamas and Israel caused crude oil bids to jump higher on Monday while Canadian markets were closed for Thanksgiving. While oil gave back some of those gains on Tuesday, it was still stronger overall.
There were no significant Canadian economic releases on Tuesday.
West Texas Intermediate was down slightly from Monday’s highs near US$86 per barrel, but still well above Friday’s close around US$83 per barrel trading at C$85.70 per barrel in early activity.
The TSX was stronger, up by 220.62 points at 9:09 CDT, trading at 19,466.69 points.
