Glacier FarmMedia – The Canadian dollar continued to rally on Wednesday as its United States counterpart weakened.
The loonie was at US$0.7248 or US$1=C$1.3797 as of 8:36 a.m. CST, compared to Tuesday’s close at US$0.7231 or US$1=C$1.3829.
The U.S. Dollar Index dipped 0.12 of a point at 98.52.
Crude oil prices were slightly lower as a rise in U.S. stockpiles and economic concerns outweighed supply disruptions in Kazakhstan. West Texas Intermediate was down US$0.08 at US$60.28 per barrel. Brent crude oil was trimmed US$0.09 at US$64.83/barrel.
The TSX/S&P Composite Index was recovering from heavy losses suffered on Tuesday, rising 198.15 points at 32,948.43.
Gold jumped US$90.20 per ounce at US$4,856.00 after reaching another all-time high of US$4,891.10 earlier this morning.
