By MarketsFarm
WINNIPEG, Feb. 11 (MarketsFarm) The Canadian dollar was slightly firmer Tuesday morning, as gains in crude oil provided some support.
At 9:11 CST Tuesday morning the Canadian dollar was at US$0.7520 or C$1.3298 which compares with Monday’s North American close of US$0.7508 or C$1.3319.
While deaths linked to the coronavirus topped 1,000 on Tuesday, the number of new cases was reportedly slowing down. Easing concerns over the outbreak and its impact on the global economy underpinned energy prices.
West Texas Intermediate crude oil was up by roughly a dollar per barrel, trading at around US$50.50 per barrel Tuesday morning.
The TSX was up by 60.35 points at 9:11 CST to sit at 17,800.92.
