Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Sept. 2 (MarketsFarm) – The Canadian dollar was higher on Friday morning, as the United States dollar shed some of its strength and global crude oil prices are on the rise.
As of 8:34 am CDT, the Canadian dollar was at US$0.7620 or C$1.3124, compared to Thursday’s close of US$0.7595 or C$1.3166.
On the U.S. Dollar Index, the greenback stepped back 0.533 of a point at 109.140.
Benchmark crude oil prices pushed higher on Friday morning, as OPEC+ is again considering production cuts and as a nuclear deal between the U.S. and Iran appears to be unlikely.
Brent crude oil gained US$2.45 at US$94.81 per barrel. West Texas Intermediate (WTI) added US$2.53 at US$89.14 per barrel. Western Canadian Select (WCS) rose US$2.48 at US$67.86 per barrel.
At the opening, the TSX/S&P Composite Index advanced 189.74 points at 19,332.46.
Gold was up US$12.10 at US$1,721.40 per ounce.
