Glacier FarmMedia – The Canadian dollar took a step back this morning as crude oil prices dropped due to an easing in tensions between the United States and the rest of the world.
The loonie was at US$0.7234 or US$1=C$1.3824 as of 8:50 a.m. CST, compared to Wednesday’s close at US$0.7239 or US$1=C$1.3814.
The U.S. Dollar Index declined 0.23 of a point at 98.53.
West Texas Intermediate shed US$1.00 at US$59.62 per barrel. Brent crude oil fell US$1.10 at US$64.14/barrel.
The TSX/S&P Composite Index rose 112.19 points at 32,963.72.
Gold was relatively steady, gaining US$9.50 per ounce at US$4,847.00.
