By MarketsFarm
WINNIPEG, Nov. 8 (MarketsFarm) – The Canadian dollar was weaker Wednesday morning, as general strength in the United States dollar and weakness in crude oil weighed on the currency.
At 8:45 a.m. CST Wednesday morning the Canadian dollar was trading at US$0.7256 or US$1=C$1.3782, which compares with Tuesday’s close of US$0.7267 or US$1=C$1.3760.
The monthly value of building permits issued in Canada fell by 6.5 per cent in September compared to the previous month, coming in at C$11.2 billion, according to a report from Statistics Canada.
Crude oil was trading at its weakest levels since August, despite the ongoing unrest in the Middle East. West Texas Intermediate was down by 0.81 per cent at US$76.74 per barrel.
The TSX was firmer, up by 41.59 points at 8:45 CST, trading at 19,619.56 points.
