Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Jan. 28 (MarketsFarm) – The Canadian dollar was lower on Friday morning, despite a slightly weaker United States dollar and increases in crude oil prices.
As of 8:38 am CST, the Canadian dollar was at US$0.7831 or C$1.2767, compared to Thursday’s close of US$0.7867 or C$1.2712.
On the United States Dollar Index, the greenback slipped 0.013 of a point at 97.255.
Benchmark crude oil prices were higher on Friday morning, due to lingering supply concerns.
West Texas Intermediate (WTI) gained US$1.61 at US$88.22 per barrel. Brent crude oil advanced US$1.74 at US$91.08 per barrel. Meanwhile, Western Canadian Select (WCS) rose US$1.15 cents at US$75.42 per barrel.
At the open, the TSX/S&P Composite Index dipped 20.00 points at 20,524.11.
Gold pulled back US$7.30 at US$1,787.70 per ounce.
