By MarketsFarm
WINNIPEG, June 19 (MarketsFarm) – The Canadian dollar was slightly higher on Friday morning as crude oil prices were rising.
As of 8:46 CDT, the Canadian dollar was at US$0.7367 or C$1.3573, compared to Thursday’s close of US$0.7359 or C$1.3589.
Benchmark crude oil prices were higher Friday morning as global demand was picking up with the easing of lockdown restrictions stemming from the COVID-19 pandemic.
Brent crude oil gained US$1.03 at US$42.54 per barrel. West Texas Intermediate (WTI) jumped US$1.32 at US$40.25 per barrel. Western Canadian Select (WCS) rose US$1.03 at US$31.07 per barrel.
At the opening, the TSX/S&P Composite Index was higher by 103.99 points at 15,583.82.
Gold increased by US$11.77 at US$1,734.69 per ounce.
