By MarketsFarm
WINNIPEG, Jan. 9 (MarketsFarm) – The Canadian dollar was weaker Thursday morning, as crude oil prices were trending downward.
As of 8:44 CST, the Canadian dollar was at US$0.7654 or C$1.3069. That compares to Wednesday’s North American close of US$0.7677 or C$1.3026.
Crude oil prices were lower Thursday morning after what has been a chaotic week so far. High tensions in the Middle East had pushed up prices, but dropped after comments by United States President Donald Trump. The president said the U.S. wouldn’t retaliate against Iran following the latter’s missile attacks on U.S. military sites that didn’t cause any casualties.
Brent crude oil slipped 22 cents at US$65.22 per barrel and West Texas Intermediate lost 20 cents at US$59.41 per barrel. Meanwhile, Western Canadian Select was down 60 cents at US$36.46 per barrel.
The TSX/S&P Composite Index was up 47.87 at 17,215.69 points.
Gold was down US$6.71 at US$1,549.71 per ounce.
