By MarketsFarm
WINNIPEG, Sept. 25 (MarketsFarm) – The Canadian dollar slightly lower on Monday morning, due to upticks in the United States dollar and despite slight gains in crude oil prices.
As of 8:33 am CDT, the loonie was at US$0.7418 or C$1.3480, compared to Friday’s close of US$0.7427 or US$1=C$1.3464. On the U.S. Dollar Index, the greenback rose 0.255 of a point at 105.515.
Benchmark crude oil prices were a pinch higher on Monday morning, as the market tried to steady itself as Russia relaxed part of its ban on oil exports.
Brent crude oil added 49 cents at US$93.76 per barrel, and West Texas Intermediate gained 45 cents at US$90.48, but Western Canadian Select lost 31 cents US$71.53.
Shortly after Monday’s open the TSX/S&P Composite Index gave up 81.14 points at 19,698.83.
Gold was down US$1.70 at US$1,943.90 per ounce.
