Compiled by Glen Hallick, MarketsFarm
WINNIPEG, March 4 (MarketsFarm) – The Canadian dollar was relatively steady Thursday morning, as the United States dollar was higher.
As of 8:38 CST, the Canadian dollar was at US$0.7922 or C$1.2624, compared to Wednesday’s close of US$0.7917 or C$1.2631.
On the U.S. Dollar Index the greenback rose 0.213 at 91.155 points.
Benchmark crude oil prices were stronger on Thursday morning, as Saudi Arabia urged caution at the OPEC+ meeting to discuss the alliance’s production. Meanwhile Russia advocated increasing production to coup gains from higher crude prices.
Brent crude oil gained US$1.11 at US$65.18 per barrel. West Texas Intermediate (WTI) was up 99 cents at US$62.27/barrel. Western Canadian Select (WCS) rose $1.21 at US$49.66/barrel.
At the opening the TSX/S&P Composite Index slipped 17.91 points at 18,302.76.
Gold was down US$2.70 at US$1,713.10 per ounce.
