By MarketsFarm
WINNIPEG, March 30 (MarketsFarm) – The Canadian dollar pushed higher on Thursday morning, as its United States counterpart was weaker and crude oil bumped up.
As of 8:34 am CDT, the loonie was at US$0.7385 or C$1.3540, compared to Wednesday’s close of US$0.7366 or US$1=C$1.3576. On the U.S. Dollar Index, the greenback was down 0.488 of a point at 101.810.
Benchmark crude oil prices were slightly higher on Thursday morning as the U.S. dollar lost ground, making exports more palatable to the world market.
Brent crude oil gained 56 cents at US$78.84 per barrel and West Texas Intermediate (WTI) added 74 cents at US$73.71.
Shortly after Thursday’s opening the TSX/S&P Composite Index rose 85.33 points at 19,923.81.
Gold tacked on US$2.00 at US$1,986.50 per ounce.
