Glacier FarmMedia – The Canadian dollar was relatively steady going into Tuesday, getting little direction from the United States dollar or crude oil.
The loonie was at US$0.7230 or US$1=C$1.3831 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7227 or US$1=C$1.3837. The Bank of Canada will make its final interest rate decision of 2025 on Wednesday.
The U.S. Dollar Index nudged up 0.05 of a point at 99.14. The Federal Reserve will also make its last rate call of the year on Wednesday.
Crude oil prices were down slightly as the trade focuses on the Fed’s decision and Russia-Ukraine peace talks. West Texas Intermediate dropped US$0.16 at US$58.72 per barrel. Brent crude oil was down US$0.12 at US$62.37/barrel.
The TSX/S&P Composite Index was up 98.71 points at 31,268.68.
Gold added US$3.40 per ounce at US$4,221.10.
