WINNIPEG – The Canadian dollar inched its way closer to the 74 United States cent mark on Thursday morning.
The loonie was at US$0.7392 or US$1=C$1.3528, up from US$0.7380 or US$1=C$1.3551 on Wednesday.
The U.S. Dollar Index went up 0.30 of a point to 105.07.
Crude oil continued its rally due to record demand as well as supply curbs from Saudi Arabia and Russia. Brent crude oil gained US$1.22 at US$93.10 per barrel. West Texas Intermediate (WTI) rose US$1.20 at US$89.72/barrel, after surpassing the US$90/barrel mark for the first time since last November.
The TSX/S&P Composite Index jumped 196.38 points at 20,475.32.
Gold was down US$5.40 at US$1,927.10 per ounce.
