WINNIPEG – The Canadian dollar continued its retreat on Thursday morning.
The loonie was at US$0.7441 or US$1=C$1.3439, down from US$0.7457 or US$1=C$1.3411 at Wednesday’s close. Meanwhile, the United States Dollar Index gained 0.11 of a point at 104.04.
Crude oil struggled to find direction as traders assessed larger U.S. stockpiles and Chinese demand. Brent crude oil was down US$0.07 to US$85.31 per barrel. West Texas Intermediate (WTI) added US$0.03 at US$78.62/barrel. Western Canadian Select (WCS) advanced US$0.07 to US$60.59/barrel.
The TSX/S&P Composite Index plunged 156.32 points to 20,564.07.
Gold was down US$2.80 per ounce to US$1,842.50.
