By Glen Hallick
Glacier FarmMedia MarketsFarm – The Canadian dollar stepped back on Tuesday morning, ahead of tomorrow’s tariff announced from United States President Donald Trump.
As of 8:35 am CDT, the loonie was at US$0.6941 or US$1=C$1.4407 compared to Monday’s close of US$0.6956 or US$1=C$1.4376. On the U.S. Dollar Index, the greenback inched up 0.087 of a point at 103.970.
Benchmark crude oil prices were slightly higher on Tuesday as support from supply concerns was countered by the uncertainty generated by Trump’s tariff plans.
Brent crude oil added 11 cents at US$74.88 per barrel and West Texas Intermediate gained 17 cents at US$71.65.
Shortly after The TSX/S&P Composite Index opened, it dropped 135.67 8.50 points at 24,781.83.
Gold advanced US$9.40 at US$3,159.70 per ounce.
