Compiled by Glen Hallick, MarketsFarm
WINNIPEG, May 25 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, as trading resumed in Canada following the Victoria long weekend.
As of 8:32 CDT, the Canadian dollar was at US$0.8289 or C$1.2062 compared to Friday’s close of US$0.8291 or C$1.2061.
On the United States Dollar Index, the greenback was down 0.113 at 89.725 points.
Benchmark crude oil prices were narrowly mixed Tuesday morning, as negotiations between the U.S. and Iran on a nuclear agreement are scheduled to resume this week, lessening tensions in the Middle East. However, a weaker U.S. dollar made its oil exports more appealing.
Brent crude oil dipped 10 cents at US$68.36 per barrel. West Texas Intermediate (WTI) gained 13 cents at US$66.18/barrel. Western Canadian Select (WCS) bumped up 38 cents at US$51.74/barrel.
At the opening the TSX/S&P Composite Index jumped 138.74 points at 19,666.04.
Gold was down US$3.90 at US$1,880.60 per ounce.
