By Glen Hallick
Glacier FarmMedia – The Canadian dollar gained slightly more than a quarter of a cent on Wednesday, as it stemmed a series of declines.
The loonie finished at US$0.7200 or US$1=C$1.3888 compared to Tuesday’s close of US$0.7174 or US$1=C$1.3939. On the U.S. Dollar Index, the greenback was down 0.359 of a point at 99.400.
Benchmark crude oil prices fell back on Wednesday afternoon, as the U.S. and Iran indicated there soon could be an end to the Middle East war.
West Texas Intermediate lost US$2.07 at US$99.31 per barrel, and Brent crude dropped US$3.38 at US$100.59.
The TSX Composite Index rose 189.91 points on Wednesday, finishing at 32,957.95.
Gold advanced US$108.40 at US$4,787.00 per ounce.
