By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Wednesday, with losses in crude oil pulling it down.
The loonie closed at US$0.7296 or US$1=C$1.3706 compared to Tuesday’s close of US$0.7303 or US$1=C$1.3693. Over the course of the year, the dollar has a net increase of 2.2 cents.
On the United States Dollar Index, the greenback inched up 0.035 of a point at 97.990.
Benchmark crude oil prices stepped back on Tuesday, as global supplies outweighed geopolitical tensions.
West Texas Intermediate gave up 52 cents at US$57.43 per barrel, while Brent crude lost 48 cents at US$60.85.
The TSX Composite Index was down 153.50 points on Wednesday at 31,712.76. However, the TSX closed 2025 with an increase of 7,112.71 points.
Gold advanced US$59.50 at US$4,326.80 per ounce. Over the last 52 weeks, gold has climbed US$1,565.80.
