By Commodity News Service Canada
WINNIPEG, Jan. 2 (CNS Canada) – The Canadian dollar is largely unchanged Wednesday morning as the stock markets reopen after the New Year’s holiday.
At 8:43 CST Wednesday morning the Canadian dollar was at US$0.7333 or C$1.3633, which compares with Monday’s North American close of US$0.7330 or C$1.3642.
The TSX/S&P Composite Index was down 179.35 points Wednesday morning at 14,143.51.
United States Congressional leaders will meet with President Donald Trump on Wednesday in another attempt to reach a deal to end the partial shutdown of the federal government, now in its 12th day. Democrats, who take control of the House of Representatives on Jan. 3, have offered US$1.3 billion for increased border security in a new spending bill, but Trump has continued to demand US$5 billion be allocated for a wall along the U.S./Mexican border. Republicans in the Senate, where they have a majority, indicated they won’t agree to a deal unless the president signs off on it.
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Oil prices are down Wednesday morning. West Texas Intermediate crude is at US$44.50 per barrel after closing Monday at US$45.41.
Gold is up Wednesday morning by US$4.00 to US$1,285.70 per ounce.
