By Glen Hallick
Glacier Farm Media MarketsFarm – The Canadian dollar fell back on Wednesday morning, due to a stronger United States dollar.
As of 8:35 am CST, the loonie was at US$0.7484 or C$1.3364, compared to Tuesday’s close of US$0.7510 or US$1=C$1.3316.
On the U.S. Dollar Index, the greenback gained 0.339 of a point at 102.230.
Benchmark crude oil prices edged up Wednesday morning, as Middle East tensions overshadowed the off-risk sentiment that crept into the market yesterday.
Brent crude oil added 95 cents at US$76.84 per barrel, while West Texas Intermediate rose 81 cents at US$71.19.
Shortly after Wednesday’s open the TSX/S&P Composite Index lost 68.18 points at 20,803.96.
Gold dropped US$29.30 at US2,044.10 per ounce.