By MarketsFarm
WINNIPEG, Feb. 22 (MarketsFarm) – The Canadian dollar moved further below 74 U.S. cents on Wednesday morning, as crude oil prices eased back.
As of 8:38 am CST, the loonie was at US$0.7388 or C$1.3534, compared to Tuesday’s close of US$0.7399 or US$1=C$1.3516. On the United States Dollar Index, the greenback shed 0.012 of a point at 104.085.
Benchmark crude oil prices were lower on Wednesday morning, ahead of the U.S. Federal Reserve releasing the minutes of its most recent policy meeting.
Brent crude oil lost 55 cents at US$82.53 per barrel. West Texas Intermediate (WTI) gave up 40 cents at US$75.96. Western Canadian Select (WCS) shed three cents at US$57.60.
Shortly after Wednesday’s open the TSX/S&P Composite Index inched up 7.60 points at 20,260.24.
Gold added US$2.80 at US$1,845.30 per ounce.
