Dollars and SenseNewsOil & Gas

Fears of a COVID-19 Second Wave Hold Loonie in Place

Source: MarketsFarm, Producer.com, May 13, 2020

Thanks to the production cuts announced by Saudi Arabia on Monday, benchmark crude oil prices were steady to higher on Tuesday.

WINNIPEG, (MarketsFarm) – The Canadian dollar steady on Tuesday, bolstered by moderate gains in North American crude oil prices. However, fears of a second wave of cases in the COVID-19 pandemic weighed on values.

The dollar finished the day at US$0.7135 or US$1=C$1.4015, compared to Monday when it closed at US$0.7137 or US$1=C$1.4012.

For the latest information and for more updates on everything Kindersley ‘Like’ the Kindersley Social Facebook page below…

For the latest information and for more updates on everything Kindersley,
‘Like’ the Kindersley Social Facebook page!

Related Articles

Check Also
Close
Back to top button