WINNIPEG – The Canadian dollar was unchanged on Thursday morning despite an ongoing decline in crude oil prices.
The loonie was at US$0.7276 or US$1=C$1.3743, the same value as the Bank of Canada’s (BoC) closing exchange rate on Wednesday.
The United States Dollar Index was down 0.14 of a point at 106.66.
Demand concerns continued to put pressure on crude oil prices. Brent crude oil dropped US$0.97 at US$84.84 per barrel. West Texas Intermediate (WTI) lost US$1.03 at US$83.19/barrel.
The TSX/S&P Composite Index gained 43.97 points at 19,078.78.
Gold declined US$4.60 at US$1,830.20 per ounce.
