By MarketsFarm
WINNIPEG, April 18 (MarketsFarm) – The Canadian dollar was virtually unchanged on Tuesday morning, getting little spillover from crude oil, but regaining some ground given to the United States dollar.
As of 8:36 am CDT, the loonie was at US$0.765 or C$1.3394, compared to Monday’s close of US$0.7464 or US$1=C$1.3398. On the U.S. Dollar Index, the greenback stepped back 0.196 of a point at 101.600.
Benchmark crude oil prices were narrowly mixed on Tuesday morning, almost balanced off between Russian exports being larger than expected and upticks in China’s economy.
Brent crude oil dipped seven cents at US$84.69 per barrel and West Texas Intermediate (WTI) tacked on two cents at US$80.85.
Statistics Canada reported that inflation in March was 4.3 per cent, down from 5.2 per cent in February. That marked the lowest level since August 2021.
Shortly after Tuesday’s open the TSX/S&P Composite Index nudged up 62.06 points at 20,641.497.
Gold added US$3.50 at US$2,010.50 per ounce.
