Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 2 (MarketsFarm) – The Canadian dollar was lower on Tuesday morning as global crude oil prices took a step back, and as the United States dollar nudged a little higher.
As of 8:35 CDT, the Canadian dollar was at US$0.8062 or C$1.2402 compared to Monday’s close of US$0.8085 or C$1.2368.
On the U.S. Dollar Index, the greenback bumped up 0.061 at 93.940 points.
Benchmark crude oil prices were lower on Tuesday morning, as the trade forecast U.S. crude inventories to increase.
West Texas Intermediate (WTI) declined 68 cents at US$83.37 per barrel. Brent crude oil lost 70 cents at US$84.01 per barrel. Western Canadian Select (WCS) gave up 27 cents at US$68.59 per barrel.
The TSX/S&P Composite Index pulled back 216.56 points at 21,230.45.
Gold was down US$3.00 at US$1,792.80 per ounce.
