By MarketsFarm
WINNIPEG, Jan. 19 (MarketsFarm) – The Canadian dollar was a little lower on Thursday morning, with not enough support or pressure coming from the United States dollar and crude oil prices to set a course.
As of 8:40 am CST, the loonie was at US$0.7430 or C$1.3459, compared to Wednesday’s close of US$0.7441 or C$1.3439. On the U.S. Dollar Index, the greenback slipped 0.177 of a point at 101.930.
Benchmark crude oil prices were slightly higher on Thursday morning, as China is expected to have a robust economy in 2023. However, an increase in U.S. crude inventories and the looming global recession weighed on values.
Brent crude oil rose 40 cents at US$85.38 per barrel. West Texas Intermediate (WTI) inched up 23 cents at US$79.71/barrel. Western Canadian Select (WCS) also tacked on 23 cents at US$56.43/barrel.
Shortly after Tuesday’s open the TSX/S&P Composite Index shed 23.28 points at 20,352.95.
Gold added US$12.10 at US$1,919.10 per ounce.
