WINNIPEG – The Canadian dollar stayed mostly steady on Wednesday despite domestic inflation data that beat expectations.
As of 8:39 a.m. CDT, the loonie was at US$0.8097 or US$1=C$1.2350, compared to US$0.8093 or US$1=C$1.2357 on Tuesday. Statistics Canada announced on Wednesday the consumer price index increased 4.4 per cent in September from the year before, the highest reading since February 2003.
Brent crude oil dropped US$0.75 per barrel to US$84.33. West Texas Intermediate (WTI) fell US$0.84 to US$82.12/barrel. Western Canadian Select (WCS) retreated US$0.61 to US$67.44/barrel.
After closing above the 21,000-point mark for the first time on Tuesday, the TSX/S&P Composite Index continued to make its way upward, gaining 20.03 points to 21,107.02.
Gold surged US$13.30 per ounce to US$1,783.80.
