Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Dec. 2 (MarketsFarm) – The Canadian dollar continued push lower on Thursday morning, as crude oil prices declined.
As of 8:36 am CST, the Canadian dollar was at US$0.77.96 or C$1.2820, compared to Wednesday’s close of US$0.7827 or C$1.2776.
On the U.S. Dollar Index, the greenback eased lower 0.109 of a point at 95.915.
Benchmark crude oil prices were lower on Thursday morning, after OPEC+ indicated its members are proceeding with production increases in January of 400,000 barrels per day.
West Texas Intermediate (WTI) pulled back US$1.64 at US$63.93 per barrel. Brent crude oil also lost US$1.64 at US$67.23 per barrel. Western Canadian Select (WCS) was down US$1711 at US$45.58 per barrel.
The TSX/S&P Composite Index started the day with a slight increase of 32.10 points at 21,496.70.
Gold gave up US$6.80 at US$1,777.50 per ounce.
