WINNIPEG, Sept. 1 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning.
As of 8:36 a.m. CDT, the loonie was at US$0.7938 or US$1=C$1.2598, compared to US$0.7926 or US$1=C$1.2617 when markets closed on Tuesday.
On the same day OPEC+ and its allies are set to meet to discuss the global market, crude oil was lower on Wednesday. Brent crude oil dropped US$0.98 per barrel to US$70.65. West Texas Intermediate (WTI) declined US$1.09 to US$67.41/barrel. Meanwhile, Western Canadian Select (WCS) lost US$0.56 to US$55.47/barrel.
The TSX/S&P Composite Index gained 61.56 points at 20,644.50.
Gold was up US$1.50 per ounce to US$1,819.60.
