By MarketsFarm
WINNIPEG, April 28 (MarketsFarm) – The Canadian dollar was higher on Tuesday morning, due to comparable weakness in the United States dollar.
At 8:40 CST Thursday morning the Canadian dollar was at US$0.7168 or C$1.3950, which compares with Friday’s North American close of US$0.7116 or C$1.4053.
The Canadian dollar was stronger despite a weaker tone for crude oil. June contracts for West Texas Intermediate (WTI) crude oil were broadly lower as major traders, including the United States Oil Fund, bailed out of front contracts in favour of later contracts, due to expectations of demand to stay weak for some time. WTI was down by 15 cents at US$12.63 per barrel. Brent Crude was up 80 cents at US$20.79 per barrel.
The TSX was up by 178.81 points at 8:55 CST to trade at 14,820.92 points.
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