By Glen Hallick
Glacier Farm Media | MarketsFarm – The Canadian dollar slipped back on Wednesday, unable to increase on the rise in crude oil.
The loonie finished at US$0.7280 or US$1=C$1.3737, compared to Tuesday’s close of US$0.7293 or US$1=C$1.3712. The United States Dollar Index dipped 0.135 of a point at 97.315.
Benchmark crude oil prices edged higher on Wednesday, as they continued ride an upswing in U.S. demand and the ceasefire between Iran and Israel holding.
Brent crude added 76 cents at US$67.90 per barrel and West Texas Intermediate gained 82 cents at US$65.19.
The TSX Composite Index gave up 152.30 points on Wednesday, to close at 26,566.32.
Gold was up US$13.10 at US$3,347.00 per ounce.
