By MarketsFarm
WINNIPEG, Oct. 20 (MarketsFarm) – The Canadian dollar was stronger Thursday morning, underpinned by gains in crude oil.
At 9:01 a.m. CDT Thursday morning the Canadian dollar was at US$0.7290 or US$1=C$1.3717, which compares with Wednesday’s close of US$0.7257 or US$1=C$1.3779.
Tightening inventories in the United States reported Wednesday remained supportive for crude oil, with expectations for easing Chinese COVID-19 restrictions another underpinning influence. West Texas Intermediate crude oil was up by 2.1 per cent at 86.31 per barrel.
The TSX was up by 45.53 points at 9:01 CDT, trading at 18,719.93 points.
