By MarketsFarm
WINNIPEG, Aug. 28 (MarketsFarm) – The Canadian dollar was unchanged on Monday morning while the United States dollar inched up and global crude oil prices were relatively firm.
As of 8:36 am CDT, the loonie was at US$0.7350 or C$1.3606, compared to Friday’s close of US$0.7350 or US$1=C$1.3606. On the U.S. Dollar Index, the greenback tacked on 0.037 of a point at 104.050.
Benchmark crude oil prices were narrowly mixed on Monday morning, as China moves to spark its sluggish economy while balanced off by concerns over further interest rate hikes by the U.S. Federal Reserve.
Brent crude oil dipped 12 cents at US$84.36 per barrel, West Texas Intermediate nudged up 12 cents at US$79.95, and Western Canadian Select eased back 18 cents at US$60.34.
Shortly after Friday’s open the TSX/S&P Composite Index added 116.73 points at 19,952.48.
Gold was up US$2.60 at US$1,942.50 per ounce.
