By Commodity News Service Canada
Winnipeg, May 25 (CNS Canada) – The Canadian lost ground against
its U.S. counterpart Friday morning, pressured by declines in crude
oil prices and gold bullion.
Recent comments by some members of the Organization of the
Petroleum Exporting Countries (OPEC) that crude oil production could
increase, sent oil prices tumbling.
At 9:05 CDT Friday morning the Canadian dollar was at US$0.7704
or C$1.2980 which compares with Thursday’s North American close of
US$0.7757 or C$1.2891.
At 9:05 CDT Friday morning, the TSX was down 38.99 points, or
0.24%, at 16,074.63.
