By MarketsFarm
WINNIPEG, Jan. 30 (MarketsFarm) – The Canadian dollar was slightly lower Thursday morning as crude oil prices fell.
As of 8:38 CST, the Canadian dollar was at US$0.7568 or C$1.3215. That compares to Wednesday’s North American close of US$0.7578 or C$1.3196.
Crude oil prices were weaker Thursday morning over fears that the coronavirus outbreak will lead to reduced demand. That prospect triggered OPEC to reschedule their March meeting for next month.
Brent crude oil dropped US$1.43 at US$58.89 per barrel and West Texas Intermediate fell US$1.26 at US$52.07 per barrel. Western Canadian Select slid US$1.32 at US$31.54 per barrel.
The TSX/S&P Composite Index was down 47.02 to start Thursday at 17,464.73 points.
Gold was down US$3.62 at US$1,573.21 per ounce.
