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Canadian Dollar and Business Outlook: Loonie stronger, crude oil slips again

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Glacier FarmMedia | MarketsFarm – The Canadian dollar maintained its upward momentum on Wednesday morning.

The loonie was at US$0.7348 or US$1=C$1.3609 as of 8:36 a.m. CDT, compared to Tuesday’s close at US$0.7334 or US$1=C$1.3635.

The United States Dollar Index was up 0.12 of a point at 97.51.

Crude oil prices slipped again as investors focused on trade negotiations between the U.S. and other countries. Brent crude oil was down US$0.25 per barrel at US$68.34/barrel. West Texas Intermediate declined US$0.20 at US$65.11/barrel.

The TSX/S&P Composite Index gained 38.08 points at 27,402.51.

Gold fell US$25.00 per ounce at $3,418.70.