By Commodity News Service Canada
WINNIPEG, MB, Jan. 18, 2018 (CNS Canada) – The Canadian dollar was stronger Friday morning, supported by gains in the stock market and price of oil.
At 8:47 CST Friday morning the Canadian dollar was at US$0.7538 or C$1.3273, which compares with Thursday’s North American close of US$0.7522 or C$1.3294.
Oil prices extended Thursday’s gains, as trade optimism boosted markets. United States West Texas Intermediate crude gained 0.8 per cent to US$52.49 per barrel, while Brent crude added around two per cent to US$1.56 per barrel.
Gold prices were down, as investors turned their attention to equity markets. Spot gold lost 0.3 per cent to US$1,299.06 per ounce.
The Toronto TSX/S&P Composite Index opened higher Friday, supported by gain in energy shares which were up with the price of oil. The TSX/S&P gained 87.97 points, or 0.58 per cent, to 15,299.19, shortly after open.
