Glacier FarmMedia – The Canadian dollar moved a little bit higher on Tuesday.
The loonie was at US$0.7149 or US$1=C$1.3988 as of 8:36 a.m. CDT, compared to Monday’s close at US$0.7145 or US$1=C$1.3995.
The United States Dollar Index was up 0.14 of a point at 98.92. There were reports on Monday that the U.S. and China agreed to the framework of a new trade deal days before the two countries’ leaders are set to meet.
Crude oil prices were down on Tuesday due to sanctions placed on Russian gas and oil as well as OPEC+ potentially raising output. Brent crude oil dropped US$0.90 per barrel at US$64.72/barrel. West Texas Intermediate declined US$0.81 at US$60.50/barrel.
The TSX/S&P Composite Index added 40.66 points at 30,316.42.
Gold continued its downfall, losing US$80.00 per ounce at US$3,939.70.
