By Glen Hallick
Glacier FarmMedia – The Canadian dollar pushed higher on Tuesday morning, as its United States counterpart fell back and crude oil increased.
As of 8:38 am CST, the loonie was at US$0.7332 or US$1=C$1.3640, compared to Monday’s close of US$0.7298 or US$1=C$1.3702.
On the U.S. Dollar Index, the greenback gave up 0.452 of a point at 96.405.
Benchmark crude oil prices were higher on Tuesday morning, as the impact of Winter Storm Fern continued to impede U.S. oil production and due to the slow restart of the Tengiz oilfield in Kazakhstan.
West Texas Intermediate gained 74 cents at US$61.37 per barrel and Brent crude added 70 cents at US$66.29.
In morning activity, the TSX/S&P Composite Index tacked on 26.02 points at 33,119.34.
Gold pulled back US$25.90 on Tuesday at US$5,056.20 per ounce.
