Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Dec. 12 (MarketsFarm) – The Canadian dollar was lower on Monday morning, despite small declines in the United States dollar and slight uptick in crude oil prices.
As of 8:42 am CST, the Canadian dollar was at US$0.7312 or C$1.3677, compared to Friday’s close of US$0.7337 or C$1.3630.
On the U.S. Dollar Index, the greenback dipped 0.019 of a point at 104.460.
Benchmark crude oil prices were slightly higher on Monday morning as the market awaits a number of interest rate decisions this week. Also the Keystone pipeline remains shut down due to a leak, with a restart date yet to be announced.
Brent crude oil nudged up 27 cents at US$76.37 per barrel. West Texas Intermediate (WTI) tacked on 86 cents at US$71.88/barrel. Meanwhile, Western Canadian Select (WCS) was down 38 cents at US$43.22/barrel.
Shortly after Monday’s open the TSX/S&P Composite Index dropped 105.44 points at 19,841.63.
Gold fell US$11.30 at US$1,799.40 per ounce.
