By MarketsFarm
WINNIPEG, Sept. 27 (MarketsFarm) – The Canadian dollar was slightly higher Friday morning, as the Province of Alberta plans to ease oil curtailments.
As of 9:02 CDT, the Canadian dollar was at US$0.7548 or C$1.3250. That compares to Thursday’s North American close of US$0.7541 or C$1.3260.
Crude oil prices were lower Friday morning, due to faster than expected repairs to Saudi Arabia’s main oil production facilities and a slowing Chinese economy.
Brent crude dropped US$1.01 cents at US$61.73 and West Texas Intermediate crude slipped 64 cents at US$55.77 per barrel. Western Canadian Select crude fell US$1.44 at US$42.31 per barrel.
At the start of trading on Friday, the TSX/S&P Composite Index was down 56.14 points at 16,759.26 stemming from increased political controversy in Washington, D.C.
Gold was down US$18.50 at US$1,496.70 per ounce.
