WINNIPEG – The Canadian dollar maintained its steady decline on Thursday morning, one day after an announcement from the Bank of Canada (BoC).
The loonie was at US$0.7241 or US$1=C$1.3810, lower than Wednesday’s close of US$0.7256 or US$1=C$1.3782. The BoC announced its key interest rate decision on Wednesday, leaving it unchanged.
The United States Dollar Index edged up 0.17 of a point at 106.69.
Despite the ongoing threat of an Israeli ground offensive into Gaza, a stronger U.S. dollar drove crude oil prices downward. Brent crude oil lost US$1.88 at US$88.25 per barrel. West Texas Intermediate (WTI) fell US$2.11 at US$83.28/barrel.
The TSX/S&P Composite Index subtracted 34.08 points at 18,913.77.
Gold dropped US$9.10 at US$1,985.80 per ounce.
