By Glen Hallick
Glacier FarmMedia – The Canadian dollar eased back on Wednesday morning despite sharp gains in crude oil.
As of 8:30 am CST, the Canadian dollar was at US$0.7318 or US$1=C$1.3669, compared to Tuesday’s close of US$0.7323 or US$1=C$1.3656.
On the U.S. Dollar Index, the greenback added 0.320 of a point at 97.380.
Benchmark crude oil prices pushed higher on Wednesday morning, as peace talks between Ukraine and Russia ended abruptly.
West Texas Intermediate climbed US$1.75 at US$64.08 per barrel and Brent crude advanced US$1.83 at US$69.25.
In morning activity on Wednesday, the TSX/S&P Composite Index was up 202.64 points at 33,099.19.
Gold rose US$72.20 at US$4,978.10 per ounce.
