By MarketsFarm
WINNIPEG, Oct. 15 (MarketsFarm) – The Canadian dollar was lower Tuesday morning as the Canadian markets reopened after the Thanksgiving long weekend.
As of 8:45 CDT, the Canadian dollar was at US$0.7557 or C$1.3231. That compares to Friday’s North American close of US$0.7577 or C$1.3198.
Crude oil prices were steady to lower Tuesday morning, on a weak global economic outlook that has been countered by OPEC suggesting the cartel could continue its production cuts.
Brent crude oil lost 22 cents at US$59.13 per barrel and West Texas Intermediate was down 25 cents at US$53.34 per barrel. Western Canadian Select was up five cents at US$37.22 per barrel.
At the start of trading on Tuesday, the TSX/S&P Composite Index opened higher as the U.S. and China work out ‘Phase One’ of their pending trade deal. The TSX gained 30.01 points at 16,445.17.
Gold was down US$6.07 at US$1,487.19 per ounce.
