Compiled by Glen Hallick, MarketsFarm
WINNIPEG, July 15 (MarketsFarm) – The Canadian dollar was higher on Friday morning, due to the United States dollar easing back and an upswing in global crude oil prices.
As of 8:35 am CDT, the Canadian dollar was at US$0.7665 or C$1.3045, compared to Thursday’s close of US$0.7612 or C$1.3138.
On the United States Dollar Index, the greenback dropped 0.322 of a point at 108.085.
Benchmark crude oil prices were higher on Friday morning as the U.S. dollar gave up some ground, making exports more palatable.
West Texas Intermediate (WTI) gained US$2.05 at US$97.83 per barrel. Brent crude oil advanced US$2.28 at US$101.38 per barrel. Western Canadian Select (WCS) rose US$2.19 at US$77.35 per barrel.
At the open, the TSX/S&P Composite Index increased 167.91 points at 18,496.97.
Gold climbed US$5.10 at US$1,710.90 per ounce.
