By Commodity News Service Canada
WINNIPEG, MB, Oct. 15, 2018 (CNS Canada) – The Canadian
dollar was slightly higher Monday morning, supported by a gain in
the price of gold.
At 8:48 CDT Monday morning the Canadian dollar was at
US$0.7682 or C$1.3031, which compares with Friday’s North
American close of US$0.7674 or C$1.3031.
Oil prices rose Monday as tensions grew over the
disappearance of a Saudi journalist which spoked supply concerns.
Brent crude prices gained US$1.49 to US$81.92 per barrel. U.S.
light crude added 60 U.S. cents to US$71.94 per barrel.
Gold prices hit their highest value in more than two and a
half months Monday, as investors continued to invest in gold over
the stock markets. Spot gold rose one per cent to US$1,230.11 per
ounce, while U.S. gold futures also added one per cent to
US$1,234 per ounce.
The Toronto TSX/S&P Composite Index was higher Monday
morning shortly after open. The TSX/S&P gained 38.02 points, or
0.25 percent, to 15,452.31 at 8:48 CDT.
