By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was virtually unchanged on Wednesday morning, as small increases in the United States dollar and crude oil balanced out each other.
As of 8:40 am CST, the loonie was at US$0.7301 or US$1=C$1.3697, compared to Tuesday’s close of US$0.7303 or US$1=C$1.3693.
On the U.S. Dollar Index, the greenback bumped up 0.125 of a point at 98.080.
Benchmark crude oil prices increased on Wednesday morning, as geopolitical tensions in the Russia-Ukraine war, the Middle East, Venezuela and Taiwan edged out a global oversupply.
West Texas Intermediate added 37 cents at US$58.32 per barrel and Brent crude also gained 37 cents at US$61.70.
In morning activity, the TSX/S&P Composite Index eased back 69.90 points at 31,796.36.
Gold was down US$35.80 at US$4,350.40 per ounce.
