By MarketsFarm
WINNIPEG, Aug. 24 (MarketsFarm) – The Canadian dollar was higher on Monday morning, on gains in the Toronto Stock Exchange and crude oil prices.
As of 8:43 CDT, the Canadian dollar was at US$0.7589 or C$1.3177, compared to Friday’s close of US$0.7573 or C$1.3205.
At the start of trading, the TSX/S&P Composite Index was up 102.45 points at 16,620.30. The TSX and other stock indices were higher on optimism the United States will fast-track vaccines for COVID-19.
Benchmark crude oil prices were steady to higher on Monday morning, as two storms in the Gulf of Mexico saw half of the region’s production facilities close.
Brent crude oil gained 25 cents at US$44.60 per barrel. West Texas Intermediate (WTI) was up six cents at US$42.40 per barrel. Western Canadian Select (WCS) rose 75 cents at US$31.54 per barrel.
Gold was up US$2.09 at US$1.942.56 per ounce.
