Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 27 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning as crude oil prices surged upward, and despite a small gain in the United States dollar.
As of 8:47 CDT, the Canadian dollar was at US$0.7903 or C$1.2653 compared to Friday’s close of US$0.7886 or C$1.2680.
On the U.S. Dollar Index, the greenback bumped up 0.095 at 93.460 points.
Benchmark crude oil prices were stronger on Monday morning, approaching high unseen in three years as global supplies continue to tighten.
West Texas Intermediate (WTI) gained US$1.51 at US$75.49 per barrel. Brent crude oil increased US$1.57 at US$79.66 per barrel. Western Canadian Select (WCS) was up US$1.66 at US$63.85 per barrel.
The TSX/S&P Composite Index nudged higher by 50.34 points at 20,453.00.
Gold was relatively steady, being up 10 cents at US$1,751.80 per ounce.
