Glacier FarmMedia — The Canadian dollar was softer on Tuesday, as currency markets continued to see some adjustment ahead of interest rate announcements later in the month. Ongoing tariff uncertainty and sluggish domestic jobs data released last week added to the softer tone in the loonie.
The Canadian dollar settled at US$0.7229 or US$1=C$1.3833, which compares with Monday’s close of US$0.7238 or US$1=C$1.3816.
Crude oil was firm, with West Texas crude oil up by 0.64 per cent at US$62.66 per barrel. An Israeli attack on Hamas leadership in Qatar underpinned energy markets.
The TSX Composite Index gained 35.28 points at 29,063.01 points.
