Glacier FarmMedia – The Canadian dollar dipped below the 73 United States cent mark Tuesday morning.
The loonie was at US$0.7289 or US$1=C$1.3719 as of 8:32 a.m. CST, compared to Monday’s close at US$0.7306 or US$1=C$1.3688. The U.S. Dollar Index rose 0.87 of a point at 99.25.
Crude oil prices kept climbing as the conflict in the Middle East intensified. West Texas Intermediate jumped US$6.55 at US$77.78 per barrel. Brent crude oil rose US$7.00 at US$84.74/barrel.
Inflation fears stemming from the Middle East conflict caused the TSX/S&P Composite Index to move lower on Tuesday, with it falling 959.63 points at 33,581.64.
Gold fell US$163.70 per ounce at US$5,147.90.
