Compiled by Glen Hallick, MarketsFarm
WINNIPEG, July 25 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, the United States dollar eased back and global crude oil prices made gains.
As of 8:37 am CDT, the Canadian dollar was at US$0.7772 or C$1.2865, compared to Friday’s close of US$0.7766 or C$1.2876.
On the United States Dollar Index, the greenback fell back 0.481 of a point at 106.140.
Benchmark crude oil prices were higher on Monday morning as tight supplies outweigh concerns about a global recession.
West Texas Intermediate (WTI) gained US$1.30 at US$96.00 per barrel. Brent crude oil advanced US$1.07 at US$104.27 per barrel. Meanwhile, Western Canadian Select (WCS) lost US$1.51 at US$74.45 per barrel.
At the open, the TSX/S&P Composite Index bumped up 27.36 points at 19,010.28.
Gold was down US$4.70 at US$1,722.70 per ounce.
