Glacier FarmMedia – The Canadian dollar maintained its upward trajectory on Tuesday.
The loonie was at US$0.7224 or US$1=C$1.3843 as of 8:38 a.m. CST, compared to Monday’s close at US$0.7210 or US$1=C$1.3870.
The United States Dollar Index lost 0.87 of a point at 98.52. U.S. markets reopened last night after being closed for Martin Luther King Jr. Day.
Crude oil prices were higher as U.S. President Donald Trump continues to threaten tariffs on countries supporting Greenland. West Texas Intermediate gained US$0.81 at US$60.25 per barrel. Brent crude oil added US$0.77 at US$64.71/barrel.
Read Also
Canadian Financial Close: Loonie higher, crude oil steady
Glacier FarmMedia – The Canadian dollar closed above the 72 United States cent mark for the first time in five…
The U.S. Energy Information Administration said in a report today that it expects the average gasoline price to decline from US$3.10 per gallon in 2025 to US$2.92/gallon in 2026 and US$2.95 in 2027 due to lower crude oil prices.
The TSX/S&P Composite Index shed 154.11 points at 32,936.85.
Gold rose US$140.10 per ounce at US$4,735.50 after reaching an all-time high of US$4,754.20 earlier this morning.
