By Phil Franz-Warkentin
Glacier FarmMedia MarketsFarm – The Canadian dollar was stronger Tuesday morning, with gains in crude oil providing some support.
At 8:45 a.m. CST Tuesday morning the Canadian dollar was trading at US$0.7356 or US$1=C$1.3594, which compares with Monday’s close of US$0.7334 or US$1=C$1.3635.
Average home prices in the United States climbed higher for the eighth month in a row, hitting a fresh record in September according to seasonally adjusted index compiled by S&P CoreLogic Case-Shiller.
The Organization of Petroleum Exporting Countries and its allies (OPEC+) are set to meet later this week to discuss production targets in 2024, with expectations for extended output cuts underpinning energy markets. West Texas Intermediate crude oil was up by 1.04 per cent at US$75.64 per barrel.
The TSX was weaker, down by 64.89 points at 8:38 CST, trading at 19,971.15 points.
