WINNIPEG – The Canadian dollar reversed direction on Tuesday as new economic data was released by Statistics Canada (StatCan).
The loonie was at US$0.7316 or US$1=C$1.3669, lower than Monday’s close of US$0.7343 or US$1=C$1.3619. StatCan reported on Tuesday that Canada’s annual inflation rate went down 0.2 of a point to 3.8 per cent in September.
The United States Dollar Index was up 0.15 of a point at 106.39.
Crude oil prices were higher on Tuesday morning. Brent crude oil rose US$0.41 at US$90.06 per barrel. West Texas Intermediate (WTI) was up US$0.48 at US$87.14/barrel.
The TSX/S&P Composite Index gained 13.88 points at 19,634.68.
Gold increased US$1.80 at US$1,936.10 per ounce.
