WINNIPEG – The Canadian dollar once again fell below 73 United States cents on Tuesday.
The loonie was at US$0.7288 or US$1=C$1.3721 on Tuesday morning, lower than Monday’s close of US$0.7303 or US$1=C$1.3693. The Bank of Canada (BoC) will announce its key interest rate decision on Wednesday, which is expected to leave the rate unchanged.
The U.S. Dollar Index edged up 0.50 of a point at 106.03.
Crude oil prices slightly declined on Tuesday, one day after Hamas released two Israeli hostages. However, Israel’s military has stepped up its attacks at Gaza. Brent crude oil was down US$0.15 at US$89.68 per barrel. West Texas Intermediate (WTI) lost US$0.20 at US$85.29/barrel.
The TSX/S&P Composite Index added 34.39 points at 19,081.13.
Gold dropped US$13.70 at US$1,974.10 per ounce.
