WINNIPEG – The Canadian dollar slightly declined on Tuesday while crude oil prices continued to ease.
As of 8:41 a.m. CST, the loonie was at US$0.7874 or US$1=C$1.2700, compared to US$0.7881 or US$1=C$1.2688 on Monday. The United States Dollar Index was up 0.20 of a point at 95.60.
Crude oil prices were down on Tuesday after French president Emmanuel Macron said he received assurances that Russia would not escalate into a conflict with Ukraine. Meanwhile, a new nuclear deal between the U.S. and Iran seems imminent. Brent crude oil fell US$1.45 per barrel at US$91.24. West Texas Intermediate (WTI) dropped US$1.56 to US$89.76/barrel. Western Canadian Select (WCS) lost US$1.41 to US$75.92/barrel.
The TSX/S&P Composite Index added 36.92 points to 21,272.42.
Gold added US$0.80 per ounce to US$1,822.60.
