WINNIPEG – The Canadian dollar took another step back on Thursday while crude oil prices continued to come down.
The loonie was at US$0.7371 or US$1=C$1.3567, down from US$0.7379 or US$1=C$1.3552 on Wednesday. The United States Dollar Index was up 0.38 points to 103.80.
Crude oil prices were down due to improved supply outlooks from Iran and Venezuela as well as demand concerns from China. Brent crude oil fell US$1.11 at US$82.10 per barrel. West Texas Intermediate (WTI) lost US$1.18 at US$77.71/barrel.
This morning, the TSX/S&P Composite Index nudged up 6.21 points to 19,886.00.
Gold shed US$6.00 per ounce to US$1,942.10.
