Glacier FarmMedia | MarketsFarm – The Canadian dollar continued its move upwards on Tuesday morning.
The loonie was at US$0.7213 or US$1=C$1.3864 as of 8:30 a.m. CST, compared to US$0.7197 or US$1=C$1.3894 on Monday.
The United States Dollar Index was down 0.16 of a point at 103.73 on Election Day. The Federal Reserve will make its key interest rate announcement on Wednesday afternoon.
Crude oil was still on the rise after Chinese Premier Li Qiang expressed confidence of an economic recovery in his country.
Brent crude oil added US$0.64 at US$75.72 per barrel. West Texas Intermediate (WTI) increased US$0.72 at US$72.19/barrel.
The TSX/S&P Composite Index declined 11.17 points at 24,244.89.
Gold gained US$8.40 per ounce at US$2,754.60.
