Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 29 (MarketsFarm) – The Canadian dollar continued upward on Thursday morning, pushing closer to highs unseen since Jan. 28, 2018 when it peaked at 81.60 U.S. cents.
As of 8:45 CDT, the Canadian dollar was at US$0.8133 or C$1.2302 compared to Wednesday’s close of US$0.8093 or C$1.2357.
On the U.S. Dollar Index, the greenback was slightly higher by 0.052 at 90.645 points.
Benchmark crude oil prices stronger Thursday morning due to a revitalized United States economy and expectations of improved global demand. However, those gains were tempered by concerns over the surge of COVID-19 around the world and especially in India.
Brent crude oil jumped US$1.45 at US$68.72 per barrel. West Texas Intermediate (WTI) gained US$1.36 at US$65.22/barrel. Western Canadian Select (WCS) climbed US$1.11 at US$52.78/barrel.
At the opening the TSX/S&P Composite Index was up 61.11 points at 19.418.06.
Gold dropped US$8.00 at US$1,765.90 per ounce
