By MarketsFarm
WINNIPEG, Aug. 26 (MarketsFarm) – The Canadian dollar was slightly higher on Wednesday morning, as the United States dollar remains weak.
As of 8:50 CDT, the Canadian dollar was at US$0.7590 or C$1.3175, compared to Tuesday’s close of US$0.7579 or C$1.3294.
The U.S. Dollar Index was hovering around 93.00 points, indicating other major world currencies are showing strength compared to the greenback.
Benchmark crude oil prices inched up on Wednesday morning, as Hurricane Laura continues to force the shutdown of nearly all oil production facilities in the Gulf of Mexico.
Brent crude oil was up two cents at US$45.88 per barrel. West Texas Intermediate (WTI) gained 15 cents at US$43.50 per barrel. Western Canadian Select (WCS) slipped 19 cents at US$31.95 per barrel.
At the start of trading, the TSX/S&P Composite Index was had a small gain of 14.49 points at 16,631.97.
Gold was up US$2.21 at US$1.929.77 per ounce.
