By MarketsFarm
WINNIPEG, Aug. 28 (MarketsFarm) – The Canadian dollar was pushing higher on Friday morning, as the United States dollar moved lower.
As of 8:51 CDT, the Canadian dollar was at US$0.7639 or C$1.3088, compared to Thursday’s close of US$0.7617 or C$1.3129.
The greenback dropped to 92.40 points on the U.S, Dollar Index, losing more ground to other major world currencies.
Benchmark crude oil prices were relatively steady on Thursday morning, due to the outcome of Hurricane Laura. Reports stated Laura didn’t cause the widespread damage to oil production facilities in Gulf of Mexico that had been expected.
Brent crude oil slipped eight cents at US$45.01 per barrel. West Texas Intermediate (WTI) inched up seven cents at US$43.11 per barrel. Western Canadian Select (WCS) was up 14 cents at US$31.64 per barrel.
At the start of trading, the TSX/S&P Composite Index was down 58.48 points at 16,731.49.
Gold jumped US$26.90 at US$1.956.44 per ounce.
