Glacier FarmMedia – The Canadian dollar continued to rise on Thursday due to its weaker United States counterpart.
The loonie settled at US$0.7247 or US$1=C$1.3798, compared to US$0.7239 or US$1=C$1.3814 on Wednesday. The U.S. Dollar Index was down 0.43 of a point at 98.33.
Crude oil prices were down as geopolitical tensions involving the U.S. were eased.
West Texas Intermediate lost US$1.21 per barrel at US$59.41. Brent crude oil shed US$1.12/barrel at US$64.12.
Stock markets were still in recovery as the TSX/S&P Composite Index gained 151.17 points to close at 33,002.70.
Gold jumped by US$88.90 per ounce at US$4,926.40, just shy of the all-time high set earlier today at US$4,932.20.
