Glacier FarmMedia – The Canadian dollar eased off on Tuesday morning due to declines in crude oil.
The loonie was at US$0.7220 or US$1=C$1.3850 as of 8:33 a.m. CDT, compared to Monday’s close at US$0.7228 or US$1=C$1.3835.
The United States Dollar Index was down 0.18 of a point at 98.25.
Crude oil prices were lower on Tuesday despite concerns over access to Russia’s oil supply after Ukraine attacked energy infrastructure early Monday morning.
Brent crude oil dipped US$0.98 per barrel at US$67.82/barrel. West Texas Intermediate dropped US$1.00 at US$63.80/barrel.
The TSX/S&P Composite Index added 69.12 points at 28,239.06.
Gold was up US$1.90 per ounce at $3,419.40.
