WINNIPEG – The Canadian dollar saw little change on Thursday morning.
The loonie was at US$0.7258 or US$1=C$1.3778, up from US$0.7254 or US$1=C$1.3785 at Wednesday’s close, which was a four-month low. The Bank of Canada (BoC) announced on Wednesday that it will leave its key interest rate at 4.5 per cent.
Meanwhile, the United States Dollar Index dropped 0.30 of a point at 105.36.
Crude oil reversed course and rose on Thursday morning after a surprise drop in U.S. stockpiles. Brent crude oil gained US$0.85 to US$83.51 per barrel. West Texas Intermediate (WTI) added US$0.74 at US$77.40/barrel. Western Canadian Select (WCS) advanced US$0.83 to US$61.52/barrel.
The TSX/S&P Composite Index rose 54.91 points to 20,401.44.
Gold jumped US$11.80 per ounce to US$1,830.40.
