By MarketsFarm
WINNIPEG, March 25 (MarketsFarm) – The Canadian dollar was firmer Friday morning, as global investors were said to be showing a renewed appetite for risk.
At 8:44 a.m. CDT Friday morning the Canadian dollar was at US$0.7988 or US$1=C$1.2519, which compares with Thursday’s close of US$0.7971 or US$1=C$1.2545.
The ongoing conflict in Ukraine continued to provide the backdrop for the financial and energy markets, with renewed COVID-19 outbreaks in parts of the world also being followed closely.
Crude oil was softer heading into the weekend, tempering the upside in the Canadian currency.
West Texas Intermediate was down by 1.7 per cent at US$110.43 per barrel.
The TSX was lower, down 15.89 points at 8:44 CDT, trading at 21,922.00 points.
