TORONTO -- North American stock markets and the Canadian dollar were showing modest gains in early trading. The S&P/TSX composite index was up 17.12 points at 14,850.87 after nearly two hours of trading.
The Canadian dollar would be worth 10 per cent more under a Clinton presidency than a Trump one, a new study suggests. But before you run out and buy loonies on what seems like a sure win by Hillary Clinton in the Nov. 8 U.S.
"The debate led to particularly sharp appreciations of the Mexican Peso and the Canadian dollar - the United States' nearest neighbours and partners in NAFTA," authors Justin Wolfers and Eric Zitzewitz said.
The Canadian dollar continues to struggle, as USD/CAD has pushed above the 1.34 line on Friday. The currency is trading at its lowest level since early March and has declined 2.1 percent in the month of October.
The Canadian dollar traded below 75 cents US Friday, for the first time since March. The almost one-cent drop comes partly because of signals from the Bank of Canada - although the central bank is likely fine with a lower loonie.
Craig Fehr, a Canadian markets strategist at Edward Jones in St. Louis, said the slide in crude was driven by comments by Iraq's oil minister that the country wants to be exempt from an agreement by the Organization of the Petroleum Exporting Countries.
The Canadian dollar continues to struggle, as USD/CAD climbed to 1.3395 earlier on Thursday. The currency is trading close to its lowest levels since March and has lost 1.9 percent in the month of October.