Glacier FarmMedia – The Canadian dollar was slightly lower on Thursday morning, despite increases in crude oil.
The loonie was at US$0.7118 or US$1=C$1.4049 as of 8:36 a.m. CST, compared to Wednesday’s close at US$0.7123 or US$1=C$1.4040.
The United States Dollar Index was down 0.07 of a point at 100.15.
Crude oil prices moved higher, correcting themselves from Wednesday’s losses, partly due to reduced Russian exports. Brent crude oil gained US$0.47 per barrel at US$63.98 per barrel. West Texas Intermediate added US$0.43 at US$59.87/barrel.
The TSX/S&P Composite Index rose 251.66 points at 30,530.07. The S&P 500, Dow Jones and Nasdaq were also higher after Nvidia’s earnings report released on Wednesday exceeded expectations.
Gold declined US$7.50 per ounce at US$4,075.30.
