By MarketsFarm
WINNIPEG, June 6 (MarketsFarm) – The Canadian dollar was steady Thursday morning, buoyed by the increase in the price of gold.
As of 8:41 CDT, the Canadian dollar was at US$0.7461 or C$1.3395. That compares to Wednesday’s North American close of US$0.7463 or C$1.3401.
Gold was up US$4.80 at US$1,335.40 per ounce.
At the start of trading the TSX/S&P Composite Index was up 8.80 points at 16,221.46 points.
Crude oil prices were mixed this morning, as concerns over the escalating U.S./China trade war triggering a global recession were balanced off by reduced global oil supplies.
West Texas Intermediate crude oil was down nine cents at US$51.59 per barrel, while Brent crude oil was up 15 cents at US$60.78 per barrel.
