By MarketsFarm
WINNIPEG, Jan. 29 (MarketsFarm) – The Canadian dollar was steady Wednesday morning supported by price increases in crude oil, particularly Western Canada Select.
As of 8:40 CST, the Canadian dollar was at US$0.7583 or C$1.3188. That compares to Tuesday’s North American close of US$0.7588 or C$1.3179.
Crude oil prices were steady to higher Wednesday morning following an attack on an oil production facility in Saudi Arabia reportedly carried out by Houthi rebels from Yemen. Meanwhile, concerns over the coronavirus continue to weigh on values.
Brent crude oil was up 45 cents at US$59.96 per barrel and West Texas Intermediate gained 22 cents at US$53.70 per barrel. Western Canadian Select jumped US$1.78 at US$32.62 per barrel.
The TSX/S&P Composite Index was up 48.41 to start Wednesday at 17,549.29 points.
Gold was up 77 cents at US$1,567.94 per ounce.
