WINNIPEG, Oct. 9 (MarketsFarm) – The Canadian dollar was steady Wednesday morning as crude oil prices started the day on the rise.
As of 8:48 CDT, the Canadian dollar was at US$0.7505 or C$1.3321. That compares to Tuesday’s North American close of US$0.7506 or C$1.3323.
Crude oil prices were higher Wednesday morning on reports that China said it is open to a partial trade deal with the United States.
Brent crude oil gained 93 cents at US$59.17 and West Texas Intermediate crude was up 88 at US$55.77 per barrel. Western Canadian Select crude rose 40 cents at US$36.93 per barrel.
At the start of trading on Wednesday, the TSX/S&P Composite Index was up 53.39 points at 16,347.34 on optimism regarding U.S./China trade talks that begin tomorrow in Washington.
Gold was up US$9.90 at US$1,513.80 per ounce.