Glacier FarmMedia | MarketsFarm – The Canadian dollar struggled on Wednesday morning.
The loonie was at US$0.6969 or US$1=C$1.4349 as of 8:31 a.m. CST, compared to Tuesday’s close at US$0.6999 or US$1=C$1.4287. The United States Dollar Index strengthened 0.21 of a point at 106.51.
Crude oil moved slightly lower as the market awaited a deal to end Russia’s invasion of Ukraine as well as tariffs on Canadian and Mexican imports next week. Brent crude oil dropped US$0.14 at US$72.88 per barrel. West Texas Intermediate (WTI) declined US$0.05 at US$68.88/barrel.
The TSX/S&P Composite Index improved 46.00 points at 25,249.98.
Gold shed US$9.50 per ounce at US$2,909.30.
