By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar inched up on Wednesday morning, trying to recover some lost ground.
As of 8:41 am CST, the loonie was at US$0.7097 or US$1=C$1.4091, compared to Tuesday’s close of US$0.7090 or US$1=C$1.4104. On the U.S. Dollar Index, the greenback rose 0.211 of a point at 99.800.
Benchmark crude oil prices eased back on Wednesday morning, as a discussions for peace deal between Ukraine and Russia continued to proceed.
West Texas Intermediate shed 16 cents at US$57.79 per barrel and Brent crude oil gave up 29 cents at US$62.19 per barrel.
In morning activity, the TSX/S&P Composite Index climbed 136.24 points at 31,036.89.
Gold added US$2.20 at US$4,179.50 per ounce.
