By MarketsFarm
WINNIPEG, May 9 (MarketsFarm) – The Canadian dollar was slightly lower on Tuesday morning, as the United States dollar was stronger and crude oil prices eased back.
As of 8:48 am CDT, the loonie was at US$0.7467 or C$1.3392, compared to Monday’s close of US$0.7488 or US$1=C$1.3354. On the U.S. Dollar Index, the greenback added 0.425 of a point at 101.580.
Benchmark crude oil prices were slightly lower on Tuesday morning, as new trade data out of China showed a decline in its imports.
Brent crude oil slipped 86 cents at US$76.15 per barrel and West Texas Intermediate (WTI) lost 89 cents at US$72.27.
Shortly after Tuesday’s open the TSX/S&P Composite Index was down 89.52 points at 20,495.63.
Gold dipped 30 cents at US$2.90 per ounce.
