By MarketsFarm
WINNIPEG, Dec. 14 (MarketsFarm) – The Canadian dollar was stronger Monday morning, as gains in crude oil and optimism over COVID-19 vaccines provided support.
At 8:51 CST Monday morning the Canadian dollar was at US$0.7855 or C$1.2731 which compares with Friday’s North American close of US$0.7831 or C$1.2769.
Canada’s first doses of vaccine against COVID-19 are set to be administered this week, although it will take many months for the entire country to be vaccinated.
West Texas Intermediate crude oil was up 0.75 per cent, at US$46.92 per barrel.
The TSX was up by 47.35 points at 8:51 CST to trade at 17,596.27 points.
