By MarketsFarm
WINNIPEG, Sept. 23 (MarketsFarm) – The Canadian dollar was firm Monday morning, as world crude was up versus the TSX being down.
As of 8:50 CDT, the Canadian dollar was at US$0.7536 or C$1.3271. That compares to Friday’s North American close of US$0.7533 or C$1.3275.
Crude oil prices were up slightly on Monday morning on increased Middle East tensions stemming from the Sept. 14 drone attack on Saudi Arabia’s main oil processing facility. The Wall Street Journal reported today the Saudi facility may not back in production for some time.
Brent crude was up five cents at US$64.33 and West Texas Intermediate crude was up 14 cents at US$58.23 per barrel. Meanwhile, Western Canadian Select crude oil was down 64 cents at US$44.75 per barrel.
At the start of trading on Monday, the TSX/S&P Composite Index was down 20.41 points at 16,879.28.
Gold was up US$11.20 at US$1,526.30 per ounce.
