By MarketsFarm
WINNIPEG, Sept. 14 (MarketsFarm) – The Canadian dollar was relatively steady on Monday morning, as the United States dollar Index slipped under 93.00 points.
As of 8:41 CDT, the Canadian dollar was at US$0.7589 or C$1.3171, compared to Friday’s close of US$0.7584 or C$1.3186.
Benchmark crude oil prices were on slightly lower Monday morning, as global demand is expected to decrease as the COVID-19 pandemic surges. In a monthly report from OPEC, demand was forecast to fall by 9.46 million barrels per day. That’s up from the August projection of 9.06 million BPD.
Brent crude oil was down 20 cents at US$39.63 per barrel. West Texas Intermediate (WTI) slipped 17 cents at US$37.16 per barrel. Western Canadian Select (WCS) fell 44 cents at US$28.94 per barrel.
At the start of trading, the TSX/S&P Composite Index gained 83.64 points at 16,306.10.
Gold was up US$16.12 at US$1.956.67 per ounce.
