By MarketsFarm
WINNIPEG, June 1 (MarketsFarm) – The Canadian dollar was higher on Thursday morning catching some of the spillover from the end of the United States government’s debt crisis.
As of 8:35 am CDT, the loonie was at US$0.7385 or C$1.3537, compared to Wednesday’s close of US$0.7351 or US$1=C$1.3603. On the U.S. Dollar Index, the greenback stepped back 0.285 of a point at 103.960.
Benchmark crude oil prices were a pinch lower on Thursday morning as pressure was derived from the concerns the U.S. Federal Reserve will boost interest rates this month. Meanwhile, positive sentiment from the passage of the deal to raise the U.S. government’s debt ceiling provided support.
Brent crude oil slipped 38 cents at US$72.22 per barrel and West Texas Intermediate (WTI) shed 29 cents at US$67.80.
Shortly after Thursday’s open the TSX/S&P Composite Index was flat with a small gain of 10.01 points at 19,582.25.
Gold added US$1.80 at US$1,983.90 per ounce.
