By MarketsFarm
WINNIPEG, Nov. 9 (MarketsFarm) – The Canadian dollar was slightly firmer Thursday morning, seeing some modest strength after falling relative to its United States counterpart the previous three sessions.
At 8:45 a.m. CST Wednesday morning the Canadian dollar was trading at US$0.7264 or US$1=C$1.3767, which compares with Wednesday’s close of US$0.7248 or US$1=C$1.3797.
Crude oil hit its lowest levels in nearly four months earlier in the week amid concerns over easing Chinese demand. However, extended production cuts from Saudia Arabia provided support, with the ongoing uncertainty in the Middle East also underpinning energy markets.
West Texas Intermediate crude oil was up by 1.50 per cent at US$76.46 per barrel.
The TSX was firmer as well, up by 164.65 points at 8:45 CST, trading at 19,694.86 points.
