Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Aug. 19 (MarketsFarm) – The Canadian dollar was lower on Friday morning, as the United States dollar gained strength and crude oil stepped back.
As of 8:38 am CDT, the Canadian dollar was at US$0.7706 or C$1.2983, compared to Thursday’s close of US$0.7735 or C$1.2928.
On the U.S. Dollar Index, the greenback increased 0.475 of a point at 107.899.
Benchmark crude oil prices were slightly lower on Friday morning as prices were down on the week due to concerns over a global recession.
West Texas Intermediate (WTI) dipped 41 cents at US$90.09 per barrel. Brent crude oil shed 85 cents at US$95.74 per barrel. Western Canadian Select (WCS) stepped back US$1.24 at US$69.09 per barrel.
At the open, the TSX/S&P Composite Index lost 80.49 points at 20,184.88.
Gold was unchanged at US$1,771.20 per ounce.
