By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was firm on Tuesday morning, as a lower United States dollar was balanced off by declines in crude oil.
As of 8:34 am CST, the loonie was at US$0.7088 or US$1=C$1.4108, the same as Monday’s close. On the U.S. Dollar Index, the greenback gave up 0.232 of a point at 99.840.
Benchmark crude oil prices were weaker on Tuesday morning, with progress said to being made in a peace deal to end Russia’s invasion of Ukraine and on concerns regarding global oversupply.
West Texas Intermediate lost US$1.13 at US$57.71 per barrel and Brent crude oil was down US$1.15 at US$62.22 per barrel.
In morning activity, the TSX/S&P Composite Index advanced 124.54 points at 30,739.47.
Gold climbed US$45.40 at US$4,139.60 per ounce.
