Glacier FarmMedia — The Canadian dollar was firmer on Wednesday, as optimism over trade talks with the United States and gains in crude oil provided support.
The Canadian dollar settled at US$0.7341 or US$1=C$1.3622, which was compares with Monday’s close of US$0.7330 or US$1=C$1.3643. Canadian markets were closed Tuesday for Canada Day.
Crude oil was sharply higher amid mounting tensions in the Middle East after Iran announced it was suspending co-operation with the International Atomic Energy Agency. West Texas crude oil was up by 2.95 per cent at US$67.38 per barrel.
The TSX Composite Index held relatively steady, up 12.55 points to close at 26,869.66 points.
