By MarketsFarm
WINNIPEG, Nov. 10 (MarketsFarm) – The Canadian dollar was slightly softer Friday morning, weakening relative to its United States counterpart despite gains in crude oil.
At 9:02 a.m. CST Friday morning the Canadian dollar was trading at US$0.7219 or US$1=C$1.3852, which compares with Thursday’s close of US$0.7256 or US$1=C$1.3781.
Crude oil was underpinned by ideas losses earlier in the week were overdone, with the ongoing conflict in the Middle East and expectations for production cuts providing some support.
West Texas Intermediate crude oil was up by 1.33 per cent at US$76.75 per barrel.
The TSX was weaker, down by 53.36 points at 9:02 CST, trading at 19,528.49 points.
