By MarketsFarm
WINNIPEG, July 27 (MarketsFarm) – The Canadian dollar was pushing upward on Monday morning, as the United States dollar continued to slip against other major world currencies.
As of 8:40 CDT, the Canadian dollar was at US$0.7464 or C$1.3398, compared to Friday’s close of US$0.7451 or C$1.3421.
Benchmark crude oil prices were slightly lower on Monday morning, due to mounting tensions between the U.S. and China. However, losses were stemmed by the weaker U.S. greenback and global production cuts.
Brent crude oil lost 25 cents at US$43.09 per barrel. West Texas Intermediate (WTI) was down 23 cents at US$41.06 per barrel. Western Canadian Select (WCS) was up three cents at US$31.65 per barrel.
Gold jumped US$37.35 this morning to US$1,939.37 per ounce.
At the opening, the TSX/S&P Composite Index was up 42.65 points at 16,039.71.
