By MarketsFarm
WINNIPEG, Sept. 28 (MarketsFarm) – The Canadian dollar edged higher on Thursday morning, due to a decline in the United States dollar.
As of 8:45 am CDT, the loonie was at US$0.7408 or C$1.3499, compared to Wednesday’s close of US$0.7399 or US$1=C$1.3515. On the U.S. Dollar Index, the greenback was down 0.391 of a point at 105.975.
Benchmark crude oil prices eased back on Thursday morning in a correction following yesterday’s upward surge.
Brent crude oil gave up 75 cents at US$95.80 per barrel, and West Texas Intermediate lost 91 cents at US$92.77, while Western Canadian Select dipped 47 cents US$75.48.
Shortly after Thursday’s open the TSX/S&P Composite Index shed 17.49 points at 19,418.49.
Gold was unchanged at US$1,890.90 per ounce.
