WINNIPEG, Feb. 2 (MarketsFarm) – The Canadian dollar was slightly weaker Tuesday morning while oil prices continued their upward climb from yesterday.
As of 8:49 a.m. CST, the Canadian dollar was at US$0.7775 or C$1.2860, compared to Monday’s close of US$0.7798 or C$1.2824.
Benchmark crude oil prices were up on Tuesday morning as Exxon announced its first annual loss in 40 years and oil companies consider reducing output.
Brent crude oil increased US$1.43 to US$57.78 per barrel. West Texas Intermediate (WTI) rose US$1.44 to US$54.99/barrel. Western Canadian Select (WCS) went up US$1.45 at US$42.44/barrel.
At the opening the TSX/S&P Composite Index jumped 104.21 points at 17,796.66.
Gold was down US$28.73 at US$1,832.05 per ounce.
