By MarketsFarm
WINNIPEG, Dec. 24 (MarketsFarm) – The Canadian dollar pushed higher Thursday morning as the United States Dollar pulled back slightly.
As of 8:42 CST, the Canadian dollar was at US$0.7793 or C$1.2828, compared to Wednesday’s close of US$0.7778 or C$1.2856.
The greenback slipped 0.120 at 90.220 points on the U.S. Dollar Index.
Benchmark crude oil prices were mostly lower Thursday morning, as market concerns towards the new strain of COVID-19 that emerged in the United Kingdom weighed on values. Losses were tempered on news that U.S. crude inventories decreased.
Brent crude oil was down 29 cents at US$50.91 per barrel. West Texas Intermediate (WTI) lost 30 cents at US$47.82 per barrel. Western Canadian Select (WCS) also dropped 30 cents at US$33.06 per barrel.
At the start of trading, the TSX/S&P Composite Index opened flat with a small loss of 5.07 points at 17,588.50.
Gold dropped US$1.73 at US$1,871.16 per ounce.
