Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 30 (MarketsFarm) – The Canadian dollar was unchanged on Tuesday morning, as weaker crude oil prices and a decline in the United States dollar played off of each other.
As of 8:37 am CST, the Canadian dollar was at US$0.7834 or C$1.2765, the same as Monday’s close
On the U.S. Dollar Index, the greenback stepped back 0.693 at 95.645 points,
Benchmark crude oil prices were weaker on Tuesday morning, due to concerns that the Omicron variant could stymie global demand.
West Texas Intermediate (WTI) dropped US$2.46 at US$67.49 per barrel. Brent crude oil lost US$2.53 at US$70.91 per barrel. Western Canadian Select (WCS) fell US$2.89 at US$47.59 per barrel.
At the opening, the TSX/S&P Composite Index gave up 94.26 points at 21,054.74.
Gold advanced US$11.00 at US$1,796.20 per ounce.
