By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar eased back on Tuesday morning, as its United States counterpart inched upward while crude oil dipped back.
As of 8:51 am CDT, the loonie was at US$0.7306 or US$1=C$1.3684 compared to Monday’s close of US$0.7320 or C$1.3661. On the United States Dollar Index, the greenback tacked on 0.111 of a point at 104.665.
Benchmark crude oil prices were a pinch lower on Tuesday morning, as the world waits to see what Israel will do next after it sealed off Rafah following its rejection of a ceasefire deal that had been accepted by Hamas.
Brent crude oil slipped 29 cents at US$83.04 per barrel and West Texas Intermediate was also down 29 cents at US$78.19.
Shortly after Monday’s open the TSX/S&P Composite Index bumped up 22.63 points at 21,282.10.
Gold lost US$4.80 at US$2,336.40 per ounce.
