By Commodity News Service Canada
WINNIPEG, MB, Jan. 15, 2018 (CNS Canada) – The Canadian dollar was slightly stronger Tuesday morning, supported by a gain in the price of oil.
At 8:45 CST Tuesday morning the Canadian dollar was at US$0.7548 or C$1.3245, which compares with Monday’s North American close of US$0.7536 or C$1.3269.
Oil prices rebounded Tuesday, following Monday’s slump. Brent crude prices gained 78 U.S. cents to US$59.77 per barrel. United States crude added 63 U.S. cents to US$51.14 per barrel.
Gold prices were steady Tuesday, supported by expectations of fewer interest rate hikes. Spot gold added 0.1 per cent to US$1,289.86 per ounce, while U.S. gold futures were also up 0.1 per cent to US$1,290.50 per ounce.
The Toronto TSX/S&P Composite Index opened higher Monday, supported by gains in the price of oil. The TSX/S&P gained 31.37 points, or 0.21 per cent, to 15,006.9, shortly after open.
