Compiled by Glen Hallick, MarketsFarm
WINNIPEG, April 1 (MarketsFarm) – The Canadian dollar was unchanged on Thursday morning, despite its United States counterpart slipping back and with gains in crude oil.
As of 8:45 CDT, the Canadian dollar was at US$0.7952 or C$1.2575.
On the U.S. Dollar Index, the greenback lost 0.181 at 93.055 points.
Benchmark crude oil prices were higher on Thursday morning, as the OPEC+ meets to discuss production. Saudi Arabia is pushing for continuing the reductions while there is support within the alliance for increases.
Brent crude oil gained US$1.30 at US$64.04 per barrel. West Texas Intermediate (WTI) jumped US$1.52 at US$60681/barrel. Western Canadian Select (WCS) rose US$1.15 at US$50.05/barrel.
At the opening the TSX/S&P Composite Index was up 82.14 points at 18,782.80.
Gold climbed US$9.10 at US$1,724.70 per ounce.
