Compiled by Glen Hallick, MarketsFarm
WINNIPEG, May 12 (MarketsFarm) – The Canadian dollar was lower Thursday morning due to a stronger United States dollar.
As of 8:41 am CDT, the Canadian dollar was at US$0.7670 or C$1.3030, compared to Wednesday’s close of US$0.7710 or C$1.2970.
On the U.S. Dollar Index, the greenback gained 0.661 of a point at 104.525.
Benchmark crude oil prices were narrowly mixed on Thursday morning. There’s pressure from rising inflation in the U.S. However, the war in Ukraine is threatening gas supplies to Europe, which lent support to oil.
West Texas Intermediate (WTI) nudged up eight cents at US$105.79 per barrel. Brent crude oil shed 49 cents at US$107.02 per barrel. Western Canadian Select (WCS) lost 69 cents US$90.56 per barrel.
At the open, the TSX/S&P Composite Index dropped 156.0 points at 19,681.25.
Gold was down US$7.20 at US$1,846.50 per ounce.
