WINNIPEG – The Canadian dollar was encountering resistance to the 83-cent United States mark on Thursday morning.
As of 8:41 a.m. CDT, the loonie was at US$0.8264 or US$1=C$1.2101 compared to US$0.8297 or US$1=C$1.2052 when markets closed on Wednesday.
Crude oil kept rising on Thursday. Brent crude increased US$0.29 per barrel to US$71.64. West Texas Intermediate (WTI) advanced US$0.17 to US$69.00/barrel. Western Canadian Select (WCS) gained US$0.11 to US$54.89/barrel.
The TSX/S&P Composite Index is also facing resistance to the 20,000-point mark today, declining by 20.08 points to 19,951.07.
Gold has plunged down US$40.17 per ounce to US$1,868.21 mainly due to a high-performing stock market.
