By MarketsFarm
WINNIPEG, Aug. 27 (MarketsFarm) – The Canadian dollar was relatively steady on Thursday morning, as the United States Dollar remained weak.
As of 8:43 CDT, the Canadian dollar was at US$0.7610 or C$1.3134, compared to Wednesday’s close of US$0.7602 or C$1.3155.
The U.S. Index slipped to 92.60 points, as the greenback continued to flounder against other major world currencies.
Benchmark crude oil prices were slightly lower on Thursday morning as the price of U.S. gasoline has fallen back, leading crude oil prices to follow suit. Price for both increased as Hurricane Laura approached the U.S. Gulf of Mexico coast, but demand for gasoline was now expected to decline.
Brent crude oil was down 15 cents at US$45.49 per barrel. West Texas Intermediate (WTI) slipped 10 cents at US$43.29 per barrel. Western Canadian Select (WCS) lost 19 cents at US$31.44 per barrel.
At the start of trading, the TSX/S&P Composite Index was up 22.78 points at 16,812.75.
Gold dropped US$10.37 at US$1.944.09 per ounce.
