Glacier FarmMedia | MarketsFarm – The Canadian dollar fell below the 73 United States cent mark early Thursday.
The loonie was at US$0.7289 or US$1=C$1.3719 as of 8:34 a.m. CDT, compared to Wednesday’s close at US$0.7314 or US$1=C$1.3673.
The U.S. Dollar Index was up 0.02 of a point at 98.92. The U.S. Federal Reserve announced on Wednesday it left its key interest rates unchanged, but it anticipates cutting rates twice later this year. Most U.S. markets are closed today for the Juneteenth holiday.
Crude oil prices were higher as the Israel-Iran conflict continues and U.S. stockpiles tighten. Brent crude oil gained US$0.95 per barrel at US$77.65/barrel and West Texas Intermediate jumped US$1.27 at US$76.41/barrel.
The TSX/S&P Composite Index declined 37.92 points at 26,521.93.
Gold shed US$28.00 per ounce at $3,380.10.
