WINNIPEG – The Canadian dollar remained steady as the New Year approaches.
As of 9:08 a.m. CST, the loonie was at US$0.7804 or US$1=C$1.2814, compared to the rate of US$0.7803 or US$1=C$1.2812 at 3:30 p.m. CST on Tuesday. The Bank of Canada has not posted a closing exchange rate since Dec. 24.
The United States Dollar Index dropped 0.31 of a point to 95.90.
Benchmark crude oil prices declined on Wednesday. Brent crude oil slipped back US$0.15 per barrel to US$78.79. West Texas Intermediate (WTI) dipped US$0.21 to US$75.77/barrel. Western Canadian Select (WCS) dropped US$0.35 to US$60.85/barrel.
The TSX/S&P Composite Index rose 107.36 points to 21,337.04.
Gold fell US$15.20 per ounce to US$1,795.70.
