By MarketsFarm
WINNIPEG, June 21 (MarketsFarm) – The Canadian dollar was higher on Wednesday morning, despite slight pressure from its United States counterpart and no direction from crude oil prices.
As of 8:37 am CDT, the loonie was at US$0.7571 or C$1.3210, compared to Tuesday’s close of US$0.7552 or US$1=C$1.3241. On the U.S. Dollar Index, the greenback nudged up 0.065 a point at 102.195.
Benchmark crude oil prices were virtually unchanged on Wednesday morning, as continued support from OPEC+ production cuts was countered by China’s sluggish economy and the European Union being in recession.
Brent crude oil shed two cents at US$75.88 per barrel and West Texas Intermediate (WTI) tacked on seven cents at US$71.26.
Shortly after Wednesday’s open the TSX/S&P Composite Index lost 76.79 points at 19,677.35.
Gold was down US$8.40 at US$1,939.30 per ounce.
