By MarketsFarm
WINNIPEG, Dec. 8 (MarketsFarm) – The Canadian dollar was relatively steady Tuesday morning, as its United States counterpart was virtually unchanged.
As of 8:40 CST, the Canadian dollar was at US$0.7817 or C$1.2792, compared to Monday’s close of US$0.7812 or C$1.2801.
The U.S. Dollar Index nudged up 0.013 putting the greenback at 90.715 points.
Benchmark crude oil prices were lower Tuesday morning due to reduced demand caused by the COVID-19 pandemic, especially in the U.S. and Europe. Declines were tempered by mass vaccinations that are just getting underway.
Brent crude oil was down 27 cents at US$48.52 per barrel. West Texas Intermediate (WTI) dropped 37 cents at US$45.39 per barrel. Western Canadian Select (WCS) lost 28 cents at US$33.20 per barrel.
At the start of trading, the TSX/S&P Composite Index dipped 19.33 points at 17,563.02.
Gold was up US$9.33 at US$1,872.06 per ounce.
