WINNIPEG – The Canadian dollar inched its way upwards coming out of the Christmas break.
As of 9:04 a.m. CST, the loonie was at US$0.7814 or US$1=C$1.2798, compared to last Friday’s close of US$0.7805 or US$1=C$1.2813. The Bank of Canada did not post a closing exchange rate on Monday due to the Boxing Day holiday.
The United States Dollar Index gained 0.13 of a point to 96.22.
Benchmark crude oil prices increased on Tuesday. Brent crude oil advanced US$0.40 per barrel to US$79.00. West Texas Intermediate (WTI) jumped US$0.77 to US$76.34/barrel. Western Canadian Select (WCS) rose US$0.85 to US$61.53/barrel.
The TSX/S&P Composite Index gained 10.75 points to 21,229.68.
Gold was up US$4.70 per ounce to US$1,813.50.
