By MarketsFarm
WINNIPEG, Jan. 31 (MarketsFarm) – The Canadian dollar was slightly lower Friday morning along with crude oil prices.
As of 8:41 CST, the Canadian dollar was at US$0.7557 or C$1.3230. That compares to Thursday’s North American close of US$0.7566 or C$1.3217.
Crude oil prices were somewhat weaker Friday morning due to continuing fears over the coronavirus. On Thursday the World Health Organization declared the outbreak a global emergency.
Brent crude oil slipped 12 cents at US$58.17 per barrel and West Texas Intermediate was down 35 cents at US$51.79 per barrel. Western Canadian Select dipped 33 cents at US$31.34 per barrel.
Statistics Canada said the country’s gross domestic product increased in November by 0.1 per cent, following decreases in September and October. The increase was propelled by gains in goods-producing, construction, retail and utilities sectors. These were countered by declines in natural resources, transportation and warehousing.
The TSX/S&P Composite Index was down 70.55 to start Friday at 17,420.01 points.
Gold was up US$7.52 at US$1,581.80 per ounce.
