WINNIPEG – The Canadian dollar was rising on Thursday morning.
The loonie was at US$0.7352 or US$1=C$1.3602, up from US$0.7331 or US$1=C$1.3640 at Wednesday’s close. The Bank of Canada (BoC) raised its key interest rate by 50 basis points to 4.25 per cent on Wednesday.
The United States Dollar Index lost 0.10 of a point at 105.01.
Crude oil was on the rise Thursday morning due to the loosening of COVID-19 restrictions in China and this morning’s shutdown of the Keystone oil pipeline due to a leak. Brent crude oil increased US$1.18 to US$78.35/barrel. West Texas Intermediate (WTI) added US$2.03 at US$74.04/barrel. Western Canadian Select (WCS) was up US$0.57 to US$46.39/barrel.
The TSX/S&P Composite Index gained 26.25 points to 19,999.47.
Gold rose US$4.50 per ounce to US$1,802.50.
