TORONTO - The benchmark price for crude oil popped above US$50 a barrel this morning, lending support to the Canadian dollar.
At 8:30 a.m. ET, July crude oil futures were at US$50.05 a barrel and the loonie was at 77.25 cents US, up nearly half a cent from Wednesday's close.
Crude hasn't closed above US$50 a barrel since last July, but prices have been strengthening recently.
