WINNIPEG – The Canadian dollar slipped on Wednesday as crude oil prices took a hit.
The loonie was at US$0.7363 or US$1=C$1.3581, down from US$0.7381 or US$1=C$1.3549 on Tuesday. Statistics Canada reported earlier today that retail sales increased by 0.4 per cent in July, following a 0.1 per cent gain in June.
The United States Dollar Index was up 0.02 points to 103.58.
Economic woes in the European Union and China caused a large drop in crude oil prices. Brent crude oil fell US$1.99 at US$82.04 per barrel. West Texas Intermediate (WTI) lost US$1.95 at US$77.69/barrel.
This morning, the TSX/S&P Composite Index rose 104.27 points to 19,795.48.
Gold advanced US$19.10 per ounce to US$1,941.10.
