By Commodity News Service Canada
WINNIPEG, Nov. 29 (CNS Canada) – The Canadian dollar was stronger Thursday morning.
At 8:57 CST Thursday morning the Canadian dollar was at US$0.7534 or C$1.3270, which compares with Wednesday’s North American close of US$0.7518 or C$1.3302.
Oil prices Thursday morning were up 80 United States cents per barrel. West Texas Intermediate crude this morning was at US$51.12 per barrel after closing Friday at US$50.29.
Alberta Premier Rachel Notley announced yesterday plans for the province to buy rail cars and locomotives to ship 120,000 barrels of oil per day to refineries. Notley’s plan is to help alleviate the glut of Western Canada Select crude, which has forced prices to record lows. Official Opposition Leader Jason Kenney said he favours imposing production cuts.
Gold is up Thursday morning by US$3.40 to US$1,230.60 per ounce.
The Toronto TSX/S&P Composite Index was up 33.92 points Thursday morning at 15,205.17.
