By MarketsFarm
WINNIPEG, July 20 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, despite losses in the crude oil sector.
At 9:05 CDT Monday morning the Canadian dollar was at US$0.7371 or US$1=C$1.3566, which compares with Friday’s North American close of US$0.7367 or US$1=C$1.3574.
Crude oil prices were pressured by reports of COVID-19 spikes in Hong Kong, California, Texas, and Florida, indicating stay-at-home orders may be reinstated. West Texas Intermediate (WTI) was down by 41 cents at US$40.18 per barrel. Brent Crude was down by 47 cents to trade at US$42.67.
The TSX was up by 9.91 points at 9:10 CDT to trade at 16,133.45 points.
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