By Glen Hallick
Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning, with the United States dollar down while crude oil was mixed.
As of 8:37 am CDT, the Canadian dollar was at US$0.7177 or US$1=C$1.3933 compared to Monday’s close of US$0.7181 or US$1=C$1.3926. On the U.S. Dollar Index, the greenback was down 0.433 of a point at 99.025.
Benchmark crude oil prices were either side of steady on Tuesday morning, although a tanker was hit by an Iranian drone off the coast of Dubai.
West Texas Intermediate added 25 cents at US$103.13 per barrel and Brent crude dipped six cents at US$107.33.
Statistics Canada reported the country’s gross domestic product nudged up 0.1 per cent in January and projected 0.2 per cent growth for February.
In Tuesday morning activity, the TSX/S&P Composite Index jumped 420.84 points at 32,355.78. Gold advanced US$48.10 at US$4,605.60 per ounce.
