By MarketsFarm
WINNIPEG, Jan. 8 (MarketsFarm) – The Canadian dollar was firm Wednesday morning, amid declines in crude oil prices.
As of 8:42 CST, the Canadian dollar was at US$0.7682 or C$1.3019. That compares to Tuesday’s North American close of US$0.7687 or C$1.3009.
Crude oil prices were lower Tuesday morning, giving up steep gains in overnight trading. The increases were a result of Iran firing several missiles at Iraqi installations where United States military personnel are based.
Brent crude oil slipped 29 cents at US$67.98 per barrel and West Texas Intermediate lost 51 cents at US$62.19 per barrel. Western Canadian Select was down 62 cents at US$39.52 per barrel.
The TSX/S&P Composite Index opened flat with a gain of 4.63 at 17,172.69 points.
Gold was down US$2.03 at US$1,572.34 per ounce.
