By MarketsFarm
WINNIPEG, Dec. 27 (MarketsFarm) – The Canadian dollar was stronger Friday morning as global crude oil prices pushed towards three-month highs.
As of 8:50 CST, the Canadian dollar was at US$0.7640 or C$1.3090. That compares to Tuesday’s North American close of US$0.7601 or C$1.3157.
Crude oil prices were slightly higher Friday morning as strong economic data from China and the United States provided support.
Brent crude oil was up four cents at US$67.96 per barrel and West Texas Intermediate rose eight cents at US$61.76 per barrel. Western Canadian Select gained nine cents at US$40.03 per barrel.
The TSX/S&P Composite Index opened slightly lower by 8.26 at 17,171.89 points,
Gold was down US$1.14 at US$1,510.39 per ounce.
