By MarketsFarm
WINNIPEG, Dec. 6 (MarketsFarm) – The Canadian dollar was firmer Monday morning, finding some support from gains in crude oil.
At 8:49 a.m. CST Monday morning, the Canadian dollar was at US$0.7818 or US$1=C$1.2791 which compares with Friday’s close of US$0.7805 or US$1=C$1.2812.
The Bank of Canada will announce its latest monetary policy decision on Wednesday, and investors will be following the statement carefully for hints on the timing of future rate increases.
Crude oil was stronger on Monday amid ideas that the Omicron COVID-19 variant would have a less damaging economic influence that earlier thought.
West Texas Intermediate was up 2.7 per cent at US$68.02 per barrel.
The TSX was stronger, up 73.25 points at 8:49 CST, trading at 20,706.52 points.
