By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar bumped up slightly on Thursday morning, as its United States counterpart reversed course.
As of 8:35 am CST, the loonie was at US$0.7087 or US$1=C$1.4111 compared to Wednesday’s close of US$0.7082 or US$1=C$1.4120. On the U.S. Dollar Index, the greenback fell 0.329 of a point at 99.730.
Benchmark crude oil prices turned around on Thursday morning, giving up small increases earlier as concerns over global oversupply was reasserted.
West Texas Intermediate lost 24 cents at US$59.36 per barrel and Brent crude oil gave up 24 cents at US$63.28 per barrel.
In morning activity, the TSX/S&P Composite Index was flat with a slight uptick of 2.06 points at 30,105.54.
Gold rose US$11.40 at US$4,004.40 per ounce.
