WINNIPEG – The Canadian dollar was down again on Tuesday as crude oil began to make a correction.
As of 8:46 a.m. CDT, the loonie was at US$0.7934 or US$1=C$1.2604, compared to US$0.7956 or US$1=C$1.2569 when markets closed on Monday.
Crude oil was mostly higher on Tuesday after consecutive days of losses. Brent crude oil increased US$0.30 per barrel to US$69.81. West Texas Intermediate (WTI) was up US$0.19 to US$67.48/barrel. Meanwhile, Western Canadian Select (WCS) dropped US$0.32 to US$54.33/barrel.
The TSX/S&P Composite Index declined 34.65 points at 20,483.42.
Gold increased US$4.32 per ounce to US$1,791.76.
