Glacier FarmMedia – The Canadian dollar was lower on Thursday as its United States counterpart was higher.
The loonie closed at US$0.7312 or US$1=C$1.3677, compared to US$0.7319 or US$1=C$1.3664 on Wednesday. The United States Dollar Index gained 0.26 of a point at 99.03.
Crude oil rose as the Strait of Hormuz continued to be impassable. Iran’s Foreign Minister Abbas Araghchi told NBC News on Thursday he is confident Iran could confront the United States if it tries to invade.
West Texas Intermediate jumped US$5.13 per barrel at US$79.79. Brent crude oil surged US$3.19/barrel at US$84.59.
Inflation fears due to the war have pressured the TSX/S&P Composite Index as it lost 332.89 points at 33,609.97.
Gold gave up US$50.00 per ounce at US$5,084.70.
