WINNIPEG – The Canadian dollar was slightly higher on Thursday despite crude oil continuing to decline.
As of 8:36 a.m. CDT, the loonie was at US$0.7858 or US$1=C$1.2726, compared to US$0.7849 or US$1=C$1.2741 when markets closed on Wednesday.
Despite increasing demand, crude oil posted losses on Thursday morning. Brent crude oil dipped US$0.79 per barrel to US$77.85. West Texas Intermediate (WTI) fell US$1.20 to US$73.63/barrel. Western Canadian Select (WCS) retreated US$0.75 to US$62.45/barrel.
The TSX/S&P Composite Index slipped 16.00 points to 20,158.14.
Gold rebounded US$12.65 per ounce to US$1,739.02.
Equity markets in Canada will remain open on Thursday while also observing the National Day for Truth and Reconciliation. Meanwhile, fixed-income markets in Canada will be closed.
