Canadian Financial Close: All time record highs for TSX, gold

By Glen Hallick

Glacier FarmMedia – The Canadian dollar climbed more than a quarter of a cent on Wednesday, following today’s interest rate freezes by the Bank of Canada and the United States Federal Reserve.

The loonie finished at US$0.7369 or US$1=C$1.3571 compared to Tuesday’s finish of US$0.7342 or US$1=C$1.3620.

On the U.S. Dollar Index, the greenback nudged up 0.139 of a point at 96.190.

Benchmark crude oil prices increased on Wednesday, reaching four-month highs due to concerns about Iran plus a still weak U.S. dollar.  

West Texas Intermediate added US$1.05 at US$63.44 per barrel, Brent crude rose by $1.00 at US$68.57.

The TSX Composite Index hit a new record high on Wednesday, with an uptick of 79.67 points to close at 33,176.07.

Gold surged to yet another all-time record high, with a gain of US$298.60 at US$5,381.20 per ounce.