Glacier FarmMedia – The Canadian dollar declined Tuesday morning as crude oil tried to rebound from Monday’s losses.
The loonie was at US$0.7266 or US$1=C$1.3763 as of 8:38 a.m. CDT, compared to Monday’s close at US$0.7290 or US$1=C$1.3717. The United States Dollar Index gained 0.52 of a point at 99.47.
Crude oil prices advanced as conflicting accounts between the U.S. and Iran, as well as fading optimism towards an immediate end to the conflict affected the markets.
West Texas Intermediate rose US$4.11 at US$92.24 per barrel. Brent crude oil increased US$3.42 at US$103.36/barrel.
The TSX/S&P Composite Index lost 305.72 points at 31,578.09.
Gold dropped US$40.20 per ounce at US$4,367.10.
