By MarketsFarm
WINNIPEG, April 12 (MarketsFarm) – The Canadian dollar was up Friday morning, along with crude oil prices.
At 8:45 CDT Friday morning the Canadian dollar was at US$0.7505 or C$1.3321, which compares with Thursday’s North American close of US$0.7475 or C$1.3378.
Benchmark crude oil prices were up Friday morning. Concerns of a tightening global supply created in part by OPEC/Russia supply cuts, and United States sanctions on Iran and Venezuela provided support. However fears of slowing economic growth in China tempered gains.
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West Texas Intermediate crude oil gained 63 cents at US$64.21 per barrel Friday morning. Brent crude oil rose 71 cents to US$71.54 per barrel.
The North American stock markets were expected to be on the rise Friday, as the Chinese government’s measures to stimulate the country’s economy might be working. Stock markets in Asia and Europe reacted to the news with gains.
The TSX/S&P Composite Index was up Friday morning. The TSX rose 75.10 points at 16,474.57 points.
In the U.S. the NASDAQ began Friday up 35.80 points at 7,983.16 and the S&P 500 rose 14.99 points at 2,903.31. The Dow Jones jumped 228.69 points at 26,371.74 points.
Gold was up by US$1.80 on Friday morning to US$1,295.10 per ounce.
