Glacier FarmMedia – The Canadian dollar moved higher on Tuesday as its United States counterpart fell back.
The loonie settled at US$0.7231 or US$1=C$1.3829, compared to US$0.7210 or US$1=C$1.3870 on Monday. The U.S. Dollar Index dropped 0.81 of a point at 98.59.
Nearby crude oil prices were mixed after a fire broke out at the Tengiz oilfield in Kazakhstan, while Middle East tensions simmered.
West Texas Intermediate increased US$0.90 per barrel at US$60.34. Brent crude oil dipped US$0.11/barrel at US$63.83.
Trump’s Greenland threats rattled the stock markets as the TSX/S&P Composite Index lost 340.68 points to close at 32,750.28, one day after reaching an all-time high. The Dow Jones shed 870.74 points or 1.76 per cent of its value on Tuesday at 48,488.59. The S&P 500 contracted by 2.06 per cent or 143.15 points at 6,796.86, while the Nasdaq fell 2.39 per cent or 561.07 points at 22,954.32.
Gold advanced, gaining US$169.10 per ounce at US$4,764.50 after peaking at an all-time high of US$4,771.00.
