Canadian Dollar and Business Outlook: Loonie, gold on the rise

Glacier FarmMedia MarketsFarm – The Canadian dollar followed through on positive momentum Tuesday morning.

The loonie was at US$0.7377 or US$1=C$1.3556 as of 8:41 a.m. CDT, compared to US$0.7363 or US$1=C$1.3582 on Monday. The United States Dollar Index was down 0.25 of a point at 103.89.

Crude oil prices had a mixed tone. Brent crude oil added US$0.07 at US$90.45 per barrel. West Texas Intermediate (WTI) was down US$0.14 at US$86.29/barrel.

The TSX/S&P Composite Index gained 47.97 points at 22,308.27.

Gold jumped US$22.20 at US$2,373.20 per ounce after hitting a record-high earlier today.

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