Glacier FarmMedia – The Canadian dollar ended Thursday with its highest close since Sept. 17.
The loonie jumped to US$0.7260 or US$1=C$1.3774, compared to US$0.7228 or US$1=C$1.3835 on Wednesday and the U.S. Dollar Index dropped 0.47 of a point at 98.32. This followed the Bank of Canada maintaining its key rates of 2.25 per cent on Wednesday, while the United States Federal Reserve cut its rates by 25 basis points.
The U.S. Dollar Index dropped 0.47 of a point at 98.32.
Crude oil prices were down after U.S. President Donald Trump indicated that restoring Russian energy to Europe would be part of a draft peace plan between Russia and Ukraine.
West Texas Intermediate declined US$0.65 per barrel at US$57.81. Brent crude oil pulled back US$0.70/barrel at US$61.51.
The TSX/S&P Composite Index gained 169.88 points to close at 31,660.73.
Gold rose US$78.80 per ounce at US$4,303.50.
