Glacier FarmMedia — The Canadian dollar was slightly firmer on Tuesday as currency markets reacted to the latest inflation data out of the United States.
The Canadian dollar settled at US$0.7260 or US$1=C$1.3775, which compares with Monday’s close of US$0.7254 or US$1=C$1.3785.
Consumer prices in the U.S. were up by 2.7 per cent in July on an annual basis, which was unchanged from the previous month, reported the Labor Department.
Crude oil was softer, with West Texas crude oil down by 1.33 per cent at US$63.11 per barrel.
The TSX Composite Index was up 146.03 points at 27,921.26 points.
