By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar was relatively steady on Tuesday morning, as upticks in the United States dollar and crude oil essentially cancelled out each other.
As of 8:39 am CST, the loonie was at US$0.7266 or US$1=C$1.3763, compared to Monday’s close of US$0.7263 or US$1=C$1.3768 On the U.S. Dollar Index, the greenback bumped up 0.183 of a point at 98.165.
Benchmark crude oil prices were slightly higher on Thursday morning, with support coming from geopolitical tensions in Ukraine, the Middle East and Venezuela. However, continuing ideas of global oversupply put some caution into the increases.
West Texas Intermediate increased 40 cents at US$58.72 per barrel and Brent crude added 45 cents at US$62.21.
In morning activity, the TSX/S&P Composite Index was up 57.61 points at 32,277.56.
Gold rose US$33.00 at US$4,484.50 per ounce.
