By MarketsFarm
WINNIPEG, Dec. 11 (MarketsFarm) – The Canadian dollar was lower Friday morning, as the United States dollar was gaining strength.
As of 8:40 CST, the Canadian dollar was at US$0.7823 or C$1.2782, compared to Thursday’s close of US$0.7853 or C$1.2734.
On the U.S. Dollar Index, the greenback was up 0.134 at 90.885 points.
Benchmark crude oil prices were narrowly mixed Friday morning, after hitting their highest values since March as crude is technically overbought. Prices are buoyed by news the U.S. Food and Drug Administration will soon approve a coronavirus vaccine.
Brent crude oil was down nine cents at US$50.16 per barrel. West Texas Intermediate (WTI) was unchanged at US$46.78 per barrel. Western Canadian Select (WCS) lost 34 cents at US$34.10 per barrel.
At the start of trading, the TSX/S&P Composite Index was down 75.27 points at 17,518.07.
Gold dipped 19 cents at US$1,836.39 per ounce.
