WINNIPEG, March 9 (MarketsFarm) – The Canadian dollar held its value on Tuesday morning while both stocks and gold saw prices move upwards.
As of 8:12 a.m. CST, the Canadian dollar was at US$0.7921 or US$1=C$1.2621, compared to US$0.7899 or US$1=C$1.2660 when markets closed on Monday.
Most benchmark oil prices held relatively steady on Tuesday after an up-and-down day on Monday.
Brent crude oil increased by US$0.15 per barrel to US$68.39. West Texas Intermediate (WTI) inched downward by US$0.07 to US$64.98. Western Canadian Select (WCS) increased by US$0.43 at US$53.82/barrel.
The Organization for Economic Cooperation and Development (OECD) raised its 2021 growth forecast to 5.6 per cent this morning and stocks responded in kind. The TSX/S&P Composite Index jumped 76.82 points to 18,457.78.
After hitting a 10-month low on Monday, gold had its biggest surge in weeks, gaining US$33.75 to US$1,717.29 per ounce.
