By MarketsFarm
WINNIPEG, Nov. 6 (MarketsFarm) – The Canadian dollar was slightly firmer Monday morning, underpinned by gains in crude oil.
At 8:47 a.m. CDT Monday morning the Canadian dollar was trading at US$0.7315 or US$1=C$1.3671, which compares with Friday’s close of US$0.7308 or US$1=C$1.3683.
Confirmation from Saudi Arabia and Russia over the weekend that they intend to keep their commitments to cut oil production until the end of the year gave energy markets a boost, which underpinned the loonie.
West Texas Intermediate was up by 1.71 per cent at US$81.86 per barrel.
The TSX was posting small losses, down by 16.26 points at 8:47 CDT, trading at 19,808.59 points.
