By MarketsFarm
WINNIPEG, July 13 (MarketsFarm) – The Canadian dollar was higher on Thursday morning, largely due to a weaker United States dollar.
As of 8:37 am CDT, the loonie was at US$0.7598 or C$1.3157, compared to Wednesday’s close of US$0.7583 or US$1=C$1.3188. On the U.S. Dollar Index, the greenback dropped 0.378 of a point at 99.815, among its lowest level in more than a year.
Benchmark crude oil prices were relatively steady on Thursday morning, as the International Energy Agency’s forecast saw weakened demand in 2023, but strength was found in easing inflation in the United States.
Brent crude oil nudged up three cents at US$80.14 per barrel and West Texas Intermediate (WTI) shed 10 cents at US$75.65. Western Canadian Select was down 30 cents US63.71/barrel.
Shortly after Thursday’s open the TSX/S&P Composite Index rose by 80.09 points at 20,150.86.
Gold added US$2.90 at US$1,964.60 per ounce.
