WINNIPEG – The Canadian dollar moved above the 73 United States cent mark on Wednesday.
The loonie was at US$0.7314 or US$1=C$1.3672, higher than Tuesday’s close of US$0.7286 or US$1=C$1.3725.
The U.S. Dollar Index rebounded slightly after a large drop on Tuesday, adding 0.27 of a point to 104.33.
Crude oil prices were lower after a bearish outlook from the International Energy Agency (IEA). Brent crude oil was down US$0.96 at US$81.51 per barrel. West Texas Intermediate (WTI) dropped US$1.08 at US$77.18/barrel.
The TSX/S&P Composite Index rose 57.70 points at 20,081.43.
Gold declined US$0.30 at US$1,966.20 per ounce.
