WINNIPEG – The Canadian dollar continued to rise on Thursday as it got closer to the 75 United States cent mark.
The loonie was at US$0.7475 or US$1=C$1.3378, up from US$0.7437 or US$1=C$1.3447 on Wednesday. The Bank of Canada (BoC) decided on Wednesday to hold its key interest rate at 4.5 per cent.
Meanwhile, the U.S. Dollar Index remained in a downturn, losing 0.55 of a point at 100.95.
Crude oil prices were down slightly despite shrinking U.S. inventories and a rise in Chinese imports. Brent crude oil declined US$0.25 to US$87.08 per barrel. West Texas Intermediate (WTI) eased off US$0.18 at US$83.08/barrel.
The TSX/S&P Composite Index added 19.71 points to 20,474.03.
Gold rose US$30.10 per ounce to US$2,055.00.
