WINNIPEG, March 15 (MarketsFarm) – The Canadian dollar remained relatively steady on Monday morning, three days after it closed above US$0.80 for the first time since February 2018.
As of 8:37 a.m. CDT, the Canadian dollar was at US$0.8014 or US$1=C$1.2479, compared to US$0.8004 or US$1=C$1.2493 when markets closed on Friday.
Benchmark oil prices edged slightly downward on Monday, continuing a recent decline in prices due to a rising United States greenback and varying international demand.
Brent crude oil dropped by US$0.83 per barrel to US$68.39. West Texas Intermediate (WTI) lost US$0.96 to US$64.65/barrel. Western Canadian Select (WCS) fell by US$0.63 at US$53.97/barrel.
The TSX/S&P Composite Index opened rather flat with a small increase of 6.75 points to 18,851.32 after a record-high close on Friday.
Gold jumped by US$5.52 to US$1,731.58 per ounce.
