By MarketsFarm
WINNIPEG, Aug. 1 (MarketsFarm) – The Canadian dollar fell back Tuesday morning as the United States dollar was on the rise and as crude oil prices dipped.
As of 8:34 am CDT, the loonie was at US$0.7533 or C$1.3275, compared to Monday’s close of US$0.7589 or US$1=C$1.3177. On the U.S. Dollar Index, the greenback advanced 0.443 of a point at 102.060.
Benchmark crude oil prices were modestly lower on Tuesday morning, due to a stronger U.S. dollar.
Brent crude oil lost 59 cents at US$84.84 per barrel and West Texas Intermediate also gave up 60 cents at US$81.20. Western Canadian Select shed 59 cents US67.55.
Shortly after Tuesday’s open the TSX/S&P Composite Index pulled back 109.95 points at 20,516.69.
Gold dropped US$26.40 at US$1,982.80 per ounce.
