By MarketsFarm
WINNIPEG, June 22 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning as there was little direction from crude oil.
As of 8:40 CDT, the Canadian dollar was at US$0.7368 or C$1.3577, compared to Friday’s close of US$0.7360 or C$1.3587.
Benchmark crude oil prices were flat Monday morning after a record increase in the number of COVID-19 reported cases were reported. The World Health Organization said there were 183,000 new cases on Sunday. Concerns are that a continuing pandemic could stymie any global economic recovery.
Brent crude oil edged up five cents at US$42.24 per barrel. West Texas Intermediate (WTI) eased down seven cents at US$39.68 per barrel. Meanwhile, Western Canadian Select (WCS) was up 15 cents at US$30.89 per barrel.
At the opening, the TSX/S&P Composite Index had a small gain of 10.44 points at 15,484.64.
Gold was up US$14.75 at US$1,758.32 per ounce.
