By Commodity News Service Canada
WINNIPEG, MB, Jan. 17, 2018 (CNS Canada) – The Canadian dollar was weaker Thursday morning, dragged down by a drop in the price of oil.
At 8:46 CST Thursday morning the Canadian dollar was at US$0.7511 or C$1.3302, which compares with Wednesday’s North American close of US$0.7548 or C$1.3248.
Oil prices fell Thursday, as concern grew over weakening demand. United States West Texas Intermediate crude lost US$1.08 to US$51.23 per barrel, while Brent crude dropped by the same amount to US$60.24 per barrel.
Gold prices were little changed at US$1,294.91 per ounce.
The Toronto TSX/S&P Composite Index opened lower Thursday, dragged down by energy shares which were down with the price of oil. The TSX/S&P gained 34.19 points, or 0.23 per cent, to 15,077.07, shortly after open.
