Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Oct. 6 (MarketsFarm) – The Canadian dollar was lower on Thursday morning, as the United States dollar resumed its upward climb.
As of 8:35 am CDT, the Canadian dollar was at US$0.7304 or C$1.3696, compared to Wednesday’s close of US$0.7331 or C$1.3641.
On the U.S. Dollar Index, the greenback advanced 0.669 of a point at 111.675.
Benchmark crude oil prices were a pinch lower on Thursday morning, as they steadied after OPEC+ announced the alliance was slashing its oil production by two million barrels per day.
Brent crude oil shed 38 cents at US$92.99 per barrel. West Texas Intermediate (WTI) slipped 31 cents at US$87.45/barrel. Western Canadian Select (WCS) dipped 15 cents at US$63.42/barrel.
Shortly after the open the TSX/S&P Composite Index lost 97.65 points at 19,137.44.
Gold nudged up 60 cents at US$1,721.40 per ounce.
