By Glen Hallick
Glacier FarmMedia – The Canadian dollar lost more than two-tenths of a cent on Tuesday, as trading resumed after the long weekend.
The loonie finished at US$0.7323 or US$1=C$1.3656 compared to Friday’s close of US$0.7345 or US$1=C$1.3624.
On the United States Dollar Index, the greenback added 0.221 of a point at 97.040.
Benchmark crude oil prices were lower on Tuesday, hitting two-week lows. Talks between the U.S. and Iran came to an agreement on the “guiding principles” of the latter’s nuclear program.
West Texas Intermediate was down 62 cents at US$62.27 per barrel, while Brent crude lost US$1.28 at US$67.37.
Statistics Canada reported the January consumer price index dipped to 2.3 per cent in January, as gasoline prices fell 16.7 per cent. However, food inflation rose to 7.3 per cent.
The TSX Composite Index gave up 177.16 points on Tuesday to finish at 32,896.55.
Gold dropped US$144.70 at US$4,901.60 per ounce.
