WINNIPEG – The Canadian dollar and crude oil both continued to weaken on Wednesday.
As of 8:31 a.m. CDT, the loonie was at US$0.7866 or US$1=C$1.2713, compared to US$0.7886 or US$1=C$1.2680 when markets closed on Tuesday.
For the most part, crude oil retreated due to a growth in stockpiles in the United States. Brent crude oil dipped US$0.52 per barrel to US$78.57. West Texas Intermediate (WTI) decreased US$0.28 to US$75.01/barrel. Meanwhile, Western Canadian Select (WCS) advanced US$0.44 to US$63.14/barrel.
The TSX/S&P Composite Index rebounded, moving up 23.76 points to 20,197.90.
Gold shed US$0.90 per ounce to US$1,736.60.
