WINNIPEG – The Canadian dollar advanced on Thursday morning with help from rising crude oil prices.
The loonie was at US$0.7579 or US$1=C$1.3194, up from US$0.7564 or US$1=C$1.3220 on Wednesday.
The United States Dollar Index added 0.74 points to 101.63, the day after the U.S. Federal Reserve raised its key interest rates by 25 points to a range of 5.25 to 5.5 per cent.
Crude oil made gains on Thursday due to the Fed’s announcement and declines in U.S. stockpiles. Brent crude oil was US$0.18 higher at US$83.10 per barrel. West Texas Intermediate (WTI) added US$0.41 at US$79.19/barrel.
The TSX/S&P Composite Index shed 0.24 of a point to 20,561.40.
Gold fell US$25.00 per ounce to US$1,984.50.
