Glacier FarmMedia – The Canadian dollar was lower on Tuesday, despite rising crude oil prices.
As of 3:35 p.m. CDT, the loonie was at US$0.7269 or US$1=C$1.3757, compared to US$0.7290 or C$1=C$1.3717 on Monday. The Bank of Canada had yet to post its closing exchange rate at press time.
The United States Dollar Index gained 0.44 of a point at 99.39.
Crude oil moved upward as optimism toward a resolution to the war in Iran faded.
West Texas Intermediate advanced US$3.77 per barrel at US$91.90. Brent crude oil rose US$3.80/barrel at US$103.74.
The TSX/S&P Composite Index added 57.78 points at 31,941.59.
Gold declined US$3.30 per ounce at US$4,404.00.
