By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar stepped back on Wednesday morning, as its United States counterpart found strength.
As of 8:37 am CST, the loonie was at US$0.7259 or US$1=C$1.3776, compared to Tuesday’s close of US$0.7274 or US$1=C$1.3748.
On the U.S. Dollar Index, the greenback gained 0.311 of a point at 98.105.
Benchmark crude oil prices were higher on Wednesday morning, after the White House ordered a blockade of all sanctioned oil tankers travelling to and from Venezuela. The increases were tempered by an ample global supply.
West Texas Intermediate rose 77 cents at US$56.04 per barrel and Brent crude added 82 cents at US$59.74 per barrel.
In morning activity, the TSX/S&P Composite Index climbed 125.04 points at 31,388.97.
Gold advanced US$29.70 at US$4,362.00 per ounce.
