By Glen Hallick
Glacier FarmMedia – The Canadian dollar climbed higher on Tuesday morning, in hopes of reversing its downturn.
As of 8:34 am CDT, the Canadian dollar was at US$0.7202 or US$1=C$1.3882 compared to Tuesday’s close of US$0.7174 or US$1=C$1.3939. On the U.S. Dollar Index, the greenback dropped 0.539 of a point at 99.220.
Benchmark crude oil prices was lower on Wednesday morning, as comments from the presidents of the U.S. and Iran suggested an end to the Middle East war could be coming soon.
West Texas Intermediate gave up 68 cents at US$100.70 per barrel and Brent crude lost US$1.80 at US$102.17.
In Wednesday morning activity, the TSX/S&P Composite Index advanced 215.48 points at 32,983.52.
Gold rose US$85.90 at US$4,764.50 per ounce.
