WINNIPEG – The Canadian dollar rose to a three-month high on Tuesday as crude oil prices begin to ease.
As of 8:30 a.m. CDT, the loonie was at US$0.8087 or US$1=C$1.2366, compared to US$0.8081 or US$1=C$1.2375 on Monday.
Brent crude oil dipped US$0.17 per barrel to US$84.16. West Texas Intermediate (WTI) dropped US$0.28 to US$82.16/barrel. Western Canadian Select (WCS) advanced US$0.51 to US$67.75/barrel.
The TSX/S&P Composite Index surpassed the milestone 21,000-point mark, gaining 43.79 points to 21,029.16.
Gold surged US$14.60 per ounce to US$1,780.30 due to declines in the U.S. dollar and U.S. Treasury bond yields.
