Glacier FarmMedia – The Canadian dollar dipped on Tuesday morning while crude oil prices continued to rise.
The loonie was at US$0.7182 or US$1=C$1.3924 as of 8:36 a.m. CDT, compared to Monday’s close at US$0.7186 or US$1=C$1.3916. The United States Dollar Index was down 0.06 of a point at 99.92.
Crude oil prices rose after U.S. forces attacked Kharg Island earlier this morning. U.S. President Donald Trump repeated his threats of large-scale attacks on Iran.
April West Texas Intermediate jumped US$3.11 at US$115.52 per barrel. May Brent crude oil added US$0.49 at US$110.26/barrel.
The TSX/S&P Composite Index lost 106.52 points at 33,075.45.
Gold was down US$3.10 per ounce at US$4,681.60.
