WINNIPEG, March 11 (MarketsFarm) – The Canadian dollar jumped on Thursday morning as oil prices and stocks continue to rise ahead of Statistics Canada’s February employment numbers to be released on Friday.
As of 8:35 a.m. CST, the Canadian dollar was at US$0.7942 or US$1=C$1.2591, compared to US$0.7913 or US$1=C$1.2637 when markets closed on Wednesday.
Most benchmark oil prices increased on Thursday morning due to a tightening oil supply and depleting fuel inventories in the United States.
Brent crude oil jumped by US$1.01 per barrel to US$68.91. West Texas Intermediate (WTI) gained US$0.75 to US$65.19/barrel. Western Canadian Select (WCS) increased by US$0.51 at US$54.23/barrel.
The TSX/S&P Composite Index was off to a good start on Thursday, rising by 90.81 to 18,690.00 after the U.S. Labor Department reported fewer jobless claims for the third straight week.
Gold decreased by US$3.65 to US$1,723.07 per ounce.
