Compiled by Glen Hallick, MarketsFarm
WINNIPEG, June 14 (MarketsFarm) – The Canadian dollar retreated further on Tuesday morning despite a lower United States dollar and higher crude oil prices.
As of 8:36 am CDT, the Canadian dollar was at US$0.7730 or C$1.2933, compared to Monday’s close of US$0.7777 or C$1.2859.
On the U.S. Dollar Index, the greenback dipped 0.066 of a point at 104.900.
Benchmark crude oil prices were higher on Tuesday morning due to tight global supplies.
West Texas Intermediate (WTI) climbed US$1.63 at US$122.56 per barrel. Brent crude oil gained US$1.80 at US$124.07 per barrel. Western Canadian Select (WCS) jumped US$2.67 US$103.89 per barrel.
At the open, the TSX/S&P Composite Index reclaimed some of yesterday’s steep losses by rising 101.73 points at 19,844.29.
Gold fell US$10.50 at US$1,821.30 per ounce.
