Glacier FarmMedia – The Canadian dollar continued to ease off on Thursday morning although crude oil prices regained their upward momentum.
The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:35 a.m. CDT, compared to Wednesday’s close at US$0.7246 or US$1=C$1.3801. The United States Dollar Index was up 0.29 of a point at 99.89.
Crude oil prices were higher after Iran rejected a ceasefire proposal from U.S. President Donald Trump, who warned Iran on social media this morning to “get serious”.
West Texas Intermediate rose US$3.49 at US$93.81 per barrel. Brent crude oil jumped US$4.48 at US$106.70/barrel.
The TSX/S&P Composite Index lost 171.21 points at 32,221.39.
Gold fell US$107.10 per ounce at US$4,445.20.
