Compiled by Glen Hallick, MarketsFarm
WINNIPEG, July 28 (MarketsFarm) – The Canadian dollar was stronger on Thursday morning, benefitting from a slight weakness in the United States dollar and good upticks in crude oil prices.
As of 8:36 am CDT, the Canadian dollar was at US$0.7796 or C$1.2822, compared to Wednesday’s close of US$0.7769 or C$1.2872.
On the United States Dollar Index, the greenback dipped 0.046 of a point at 106.280.
Benchmark crude oil prices were higher on Thursday morning as U.S. stockpiles shrink and exports increased.
West Texas Intermediate (WTI) gained US$1.77 at US$99.03 per barrel. Brent crude oil US$1.86 at US$108.48 per barrel. Western Canadian Select (WCS) added US$1.05 at US$77.89 per barrel.
At the open, the TSX/S&P Composite Index was up 98.89 points at 19,353.45.
Gold jumped US$30.70 at US$1,768.20 per ounce.
