WINNIPEG – The Canadian dollar made a move upwards on Tuesday.
The loonie was at US$0.7405 or US$1=C$1.3504 this morning, up from US$0.7393 or US$1=C$1.3527 on Monday. The Bank of Canada (BoC) is expected to announce on Wednesday it will hold its key interest rate steady.
Meanwhile, the United States Dollar Index lost 0.49 of a point at 102.09.
Crude oil was up due to risk-on sentiment by traders and an ongoing halt of crude oil exports from Kurdistan. Brent crude oil gained US$0.19 to US$84.37 per barrel. West Texas Intermediate (WTI) added US$0.37 at US$80.11/barrel.
The TSX/S&P Composite Index rose 114.29 points to 20,390.11.
Gold jumped US$12.20 per ounce to US$2,016.00.
