By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar drifted higher on Thursday morning, as it gets little direction from the United States dollar and crude oil.
As of 8:38 am CST, the loonie was at US$0.7120 or US$1=C$1.4045, compared to Wednesday’s close of US$0.7113 or US$1=C$1.4059.
On the U.S. Dollar Index, the greenback added 0.018 of a point at 99.540. Trading on the U.S. markets today will be thin due to the Thanksgiving holiday.
Benchmark crude oil prices were relatively steady on Thursday morning, as the market waits for the outcome of a peace deal between Ukraine and Russia.
West Texas Intermediate nudged up 16 cents at US$58.81 per barrel and Brent crude tacked on two cents at US$63.15 per barrel.
In morning activity, the TSX/S&P Composite Index was flat at 31,165.07.
Gold gave up US$12.30 at US$4,190.00 per ounce.
