By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar eased back on Tuesday morning as the United States dollar made a modest increase.
As of 8:38 am CST, the loonie was at US$0.7300 or US$1=C$1.3699, compared to Monday’s close of US$0.7307 or US$1=C$1.3686.
On the U.S. Dollar Index, the greenback was up 0.118 of a point at 97.850.
Benchmark crude oil prices were higher on Tuesday morning, as a Russia-Ukraine peace deal becomes more unlikely and rising Middle tensions pushed up prices, while ample global supplies tempered the increases.
West Texas Intermediate added 38 cents at US$58.46 per barrel and Brent crude bumped up 27 cents at US$62.21.
In morning activity, the TSX/S&P Composite Index was up 64.34 points at 31,960.93.
Gold advanced US$60.70 at US$4,404.30 per ounce.
