By MarketsFarm
WINNIPEG, April 27 (MarketsFarm) – The Canadian dollar was slightly higher on Monday morning, as provinces are expected to unveil their re-opening plans.
At 8:30 CST Thursday morning the Canadian dollar was at US$0.7113 or C$1.4035 which compares with Friday’s North American close of US$0.7097 or C$1.4090.
Doug Ford, Ontario’s Premier, is expected to lay out the plan to re-open the province’s economy after being on lockdown for several weeks due to COVID-19. The province declared a state of emergency in mid-March, which will likely continue until mid-May. Saskatchewan, Prince Edward Island, and New Brunswick have also announced tentative timelines to re-start the economy. Manitoba is expected to follow Saskatchewan’s timeline, but no official plan has been announced yet.
The TSX was up by 169.27 points at 8:30 CST to trade at 14,420.36 points.
Crude oil prices were broadly lower due to the global supply glut of oil. West Texas Intermediate was down US$4.18 at US$12.76 per barrel. Brent Crude was down $1.52 at US$19.92 per barrel.
END
