Reuters The Canadian dollar strengthened against its U.S. counterpart on Tuesday, with the currency clawing back some of its decline from the prior day as oil prices rose and domestic data showed factory activity expanding at the slowest pace in five months. The price of oil, one of Canada’s major exports, rose as OPEC+ producers agreed to stick with their
WTI falls below $30 per barrel for the first time in 12 years The price of a barrel of West Texas Intermediate crude oil fell below the $30 mark for the first time since 2003 this week. Continued concerns over China’s market are curbing demand expectations as the global oil glut persists. WTI was trading at $29.45 at 2:15 EST
Canadian Dollar Sets Two-Month High as Oil Overshadows Jobs Data Via Bloomberg The Canadian dollar climbed to the highest in two months as a rally in crude oil overshadowed an underwhelming September jobs report. The price per barrel of North America’s benchmark West Texas Intermediate oil grade is heading for its biggest weekly increase since August. The currency pared some
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