By MarketsFarm
WINNIPEG, May 19 (MarketsFarm) – The Canadian dollar was stronger on Tuesday morning, along with stock indices and crude oil values.
At 8:30 CDT Tuesday morning the Canadian dollar was at US$0.7190 or C$1.3914, which compares with Friday’s North American close of US$0.7095 or C$1.4094.
Stock markets were higher on Tuesday morning due to optimism that a coronavirus vaccine is on the horizon. According to a study conducted by Deutsche Bank, most people surveyed think a vaccine will be available within 18 months.
Benchmark crude oil indices were stronger as economies around the world begin to ease COVID-19 lockdown measures. West Texas Intermediate (WTI) was up by 87 cents at US$32.69 per barrel, which is its highest point since mid-March. Brent Crude was up by 20 cents at US$35.01 per barrel.
The TSX was up by 272.52 points at 8:30 CDT to trade at 14,911.42 points.
