By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar slipped Thursday morning, continuing its downward slide in the face of a stronger United States dollar and declines in crude oil.
As of 8:36 am CDT, the loonie was at US$0.7189 or US$1=C$1.3911 compared to Wednesday’s close of US$0.7198 or US$1=C$1.3893. On the U.S. Dollar Index, the greenback rose 0.302 of a point at 97.820.
Benchmark crude oil prices stepped back Thursday morning, due to profit-taking, the return of Kurdish supplies, and expectations of slowing demand. However, the losses were limited by geo-political tensions, particularly those in the Middle East and Ukraine.
West Texas Intermediate was down 49 cents at US$64.50 per barrel and Brent crude oil gave up 48 cents at US$68.83 per barrel.
The TSX/S&P Composite Index fell 149.99 points at 29,606.96.
Gold added US$3.00 at US$3,771.10 per ounce.
