By Commodity News Service Canada
WINNIPEG, MB, Oct. 19, 2018 (CNS Canada) – The Canadian
dollar was weaker Friday, continuing its downward slide.
At 8:47 CDT Monday morning the Canadian dollar was at
US$0.7633 or C$1.3092, which compares with Thursday’s North
American close of US$0.7659 or C$1.3057.
Oil prices rose Friday, on increased demand from China, the
world’s second largest oil consumer. Brent crude prices gained 70
U.S. cents to US$79.99 per barrel. U.S. light crude added 40 U.S.
cents to US$69.05 per barrel.
Gold prices edged higher Friday, as weakness in global
equity markets pushed investors towards the precious metal. Spot
gold rose 0.2 per cent to US$1,226.85 per ounce, while U.S. gold
futures were unchanged at US$1,229.80 per ounce.
The Toronto TSX/S&P Composite Index was higher Friday
morning shortly after open. The TSX/S&P gained 94.12 points, or
0.61 percent, to 15,498.25 at 8:47 CDT.
