Glacier FarmMedia – The Canadian dollar moved lower to start Wednesday.
The loonie was at US$0.7366 or US$1=C$1.3576 as of 8:33 a.m. CST, compared to Tuesday’s close at US$0.7383 or US$1=C$1.3544.
The United States Dollar Index improved 0.43 of a point at 97.23. The U.S. Labor Department reported today that the country added 130,000 jobs in January, but the number of jobs created in 2025 was revised downward to 181,000, the lowest amount since 2020.
Crude oil prices were higher due to greater demand as well as U.S. President Donald Trump saying he would send a second aircraft carrier to the Middle East. West Texas Intermediate rose US$1.77 at US$65.73 per barrel. Brent crude oil added US$1.82 at US$70.62/barrel.
The TSX/S&P Composite Index gained 196.10 points at 33,452.93, already reaching a record high.
Gold advanced US$60.70 per ounce at US$5,091.70.
