By MarketsFarm
WINNIPEG, Nov. 1 (MarketsFarm) – The Canadian dollar was slightly lower Friday morning despite stronger crude oil prices.
As of 8:40 CDT, the Canadian dollar was at US$0.7588 or C$1.3177. That compares to Thursday’s North American close of US$0.7599 or C$1.3160.
Crude oil prices were higher Friday morning on strong United States job data and Chinese manufacturing figures. However gains were tempered by concerns regarding the U.S./China trade war, as ‘Phase One’ of their trade deal remains unsigned.
Brent crude oil was up 63 cents at US$60.25 per barrel and West Texas Intermediate gained 71 cents at US$54.89 per barrel. Western Canadian Select rose slightly by 17 cents at US$35.19 per barrel.
At the start of trading on Friday, the TSX/S&P Composite Index opened higher by 93.05 points at 16,576.21.
Gold was down US$1.64 at US$1,511.29 per ounce.
