Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 26 (MarketsFarm) – The Canadian dollar was stronger on Monday morning, despite gains in the United States dollar and declines in crude oil prices.
As of 8:47 CDT, the Canadian dollar was at US$0.8048 or C$1.2427, compared to Friday’s close of US$0.8007 or C$1.2489.
On the U.S. Dollar Index, the greenback was up 0.091 at 90.930 points.
Benchmark crude oil prices were lower on Monday morning, as the global surge of COVID-19 cases could weaken demand.
Brent crude oil lost 96 cents at US$65.15 per barrel. West Texas Intermediate (WTI) dropped 79 cents at US$61.35/barrel. Western Canadian Select (WCS) fell US$1.25 at US$48.99/barrel.
At the opening the TSX/S&P Composite Index bumped up 27.20 points at 19.129.53.
Gold slipped 50 cents at US$1,777.30 per ounce.
