Glacier FarmMedia MarketsFarm – The Canadian dollar saw a small increase on Thursday morning.
The loonie was at US$0.7298 or US$1=C$1.3702 as of 8:34 a.m. CDT, compared to US$0.7294 or US$1=C$1.3709 on Wednesday.
The United States Dollar Index was up 0.25 of a point at 105.50. U.S. markets were closed for most of Wednesday due to the Juneteenth holiday.
Crude oil prices were higher due to a seasonal uptick in demand and ongoing tensions in the Middle East. Brent crude oil advanced US$0.80 at US$85.87 per barrel. JPMorgan projected Brent crude oil to rise to US$90/barrel by September. West Texas Intermediate (WTI) rose US$0.70 at US$82.27/barrel.
The TSX/S&P Composite Index gained 24.26 points at 21,541.16.
Gold was up US$4.60 per ounce at US$2,351.50.
