By MarketsFarm
WINNIPEG, Aug. 3 (MarketsFarm) – The Canadian dollar slipped a little further on Thursday morning in the face of more strength in the United States dollar.
As of 8:37 am CDT, the loonie was at US$0.7490 or C$1.3353, compared to Wednesday’s close of US$0.7499 or US$1=C$1.3335. On the U.S. Dollar Index, the greenback nudged up 0.111 of a point at 102.500.
Benchmark crude oil prices were slightly higher on Thursday morning, ahead of the OPEC+ virtual summit on Friday to review the alliance’s production cuts. However, a bearish sentiment in the market stymied further increases.
Brent crude oil added 54 cents at US$83.74 per barrel, West Texas Intermediate gained 64 cents at US$80.13, and Western Canadian Select tacked on 36 cents US$64.65.
Shortly after Thursday’s open the TSX/S&P Composite Index slipped 78.45 points at 20,139.76.
Gold gave up US$5.40 at US$1,969.60 per ounce.
