Glacier FarmMedia | MarketsFarm – The Canadian dollar continued to decline on Tuesday morning.
The loonie was at US$0.7014 or US$1=C$1.4257 as of 8:35 a.m. CST, compared to Monday’s close at US$0.7030 or US$1=C$1.4225. The United States Dollar Index was down 0.17 of a point at 106.42.
Crude oil moved lower as U.S. President Donald Trump announced his intent to put tariffs on Canadian and Mexican imports on March 4, while also pushing for a deal to end Russia’s invasion of Ukraine as well as sanctions on Iran. Brent crude oil lost US$0.47 at US$74.31 per barrel. West Texas Intermediate (WTI) dropped US$0.38 at US$70.32/barrel.
The TSX/S&P Composite Index improved 78.27 points at 25,229.53.
Gold eased off by US$5.90 per ounce at US$2,957.30.
