WINNIPEG – The Canadian dollar has settled back down on Wednesday morning since surpassing the 83-cent United States mark yesterday.
As of 8:43 a.m. CDT, the loonie was at US$0.8288 or US$1=C$1.2066 compared to US$0.8306 or US$1=C$1.2040 when markets closed on Tuesday.
Crude oil continues to rally on Wednesday after OPEC+ forecast a tightening market with increasing demand. Brent crude increased US$0.47 per barrel to US$70.72. West Texas Intermediate (WTI) advanced US$0.36 to US$68.08/barrel. Western Canadian Select (WCS) gained US$0.39 to US$53.84/barrel.
The TSX/S&P Composite Index is making another go at the 20,000-point mark today after briefly reaching the level on Tuesday, rising by 34.85 points to 20,019.33.
Gold was down US$2.20 per ounce to US$1,907.20.
