Compiled by Glen Hallick, MarketsFarm
WINNIPEG, Nov. 25 (MarketsFarm) – The Canadian dollar was lower on Friday morning, losing ground to a higher United States dollar.
As of 8:37 am CST, the Canadian dollar was at US$0.7473 or C$1.3381, compared to Thursday’s close of US$0.7497 or C$1.3338.
On the U.S. Dollar Index, the greenback gained 0.348 of a point at 106.315.
Benchmark crude oil prices were narrowly mixed on Friday morning with support coming from yesterday’s talks between Saudi Arabia and Iraq about trying to stabilize the market. Pressure continued to come from weakened demand out of China due to COVID-19
Brent crude oil bumped up 31 cents at US$85.65 per barrel. West Texas Intermediate (WTI) gained 82 cents at US$78.76/barrel. Western Canadian Select (WCS) was up 15 cents at US$49.01/barrel.
Shortly after Friday’s open the TSX/S&P Composite Index was flat with a small increase of 6.77 points at 20,350.84.
Gold was up US$2.70 at US$1,763.10 per ounce.
