Glacier FarmMedia – The Canadian dollar was lower on Wednesday morning.
The loonie was at US$0.7216 or US$1=C$1.3858 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7227 or US$1=C$1.3837.
The United States Dollar Index was up 0.34 of a point at 98.57.
Crude oil prices were slightly higher on Wednesday as the trade divides its focus between the war in Ukraine, United States stockpiles and the U.S.’s 50 per cent tariff on Indian imports coming into effect today.
Brent crude oil was up US$0.12 per barrel at US$67.34/barrel. West Texas Intermediate added US$0.14 at US$63.39/barrel.
The TSX/S&P Composite Index advanced 50.86 points at 28,390.74.
Gold was down US$3.00 per ounce at $3,430.00.
