The Canadian dollar moved downward on Wednesday morning.
The loonie was at US$0.7170 or US$1=C$1.3947 as of 8:29 a.m. CDT, compared to Monday’s close at US$0.7183 or US$1=C$1.3921. The Bank of Canada did not post an exchange rate on Tuesday due to the National Day for Truth and Reconciliation.
The United States Dollar Index was down 0.01 of a point at 97.77 on the first day of the U.S. government shutdown.
Crude oil prices continued to fall back on Wednesday due to demand concerns and plans by OPEC+ to raise production in November.
Brent crude oil dropped US$0.58 per barrel at US$65.45/barrel. West Texas Intermediate declined US$0.51 at US$61.86/barrel.
The TSX/S&P Composite Index rose 73.29 points at 30,096.10. Gold jumped US$28.40 per ounce at $3,894.60.
