Compiled by Glen Hallick, MarketsFarm
WINNIPEG, March 14 (MarketsFarm) – The Canadian dollar was lower on Monday morning, following declines in global crude oil prices and in the face of a still strong United States dollar.
As of 8:34 am CDT, the Canadian dollar was at US$0.7840 or C$1.2758, compared to Friday’s close of US$0.7862 or C$1.2720.
On the United States Dollar Index, the greenback loses 0.253 of a point at 98.930.
Benchmark crude oil prices were falling on Monday morning, as another round of ceasefire talks between Russia and Ukraine got underway.
West Texas Intermediate (WTI) dropped US$4.93 at US$104.40 per barrel. Brent crude oil lost US$4.91 at US$107.76 per barrel. Western Canadian Select (WCS) gave up US$3.91 at US$92.45 per barrel.
Shortly after the open, the TSX/S&P Composite Index stepped back 51.84 points at 21,409.99.
Gold was down US$20.20 at US$1,964.80 per ounce.
