By Commodity News Service Canada
WINNIPEG, Nov. 28 (CNS Canada) – The Canadian dollar was weaker Wednesday morning, dipping below the US$0.75 mark.
At 8:47 CST Wednesday morning the Canadian dollar was at US$0.7498 or C$1.3330, which compares with Tuesday’s North American close of US$0.7525 or C$1.3239.
Royal Bank of Canada reported its net income for the fourth quarter increased by 15 per cent to C$3.25 billion and the bank is now expected to set a new annual profit record of C$12.4 billion. There were increases of five to 14 per cent in most of RBC’s divisions, including its personal and commercial banking division which has a 10 per cent increase.
Oil prices Wednesday morning were down 39 U.S. cents per barrel. West Texas Intermediate crude this morning was US$51.17 per barrel after closing Tuesday was at US$51.56.
Gold is down Wednesday morning by 50 U.S. cents to US$1,212.90 per ounce.
The Toronto TSX/S&P Composite Index was up 88.93 points Wednesday morning at 15,032.12.
