Glacier FarmMedia – The Canadian dollar dipped on Thursday to its lowest close in six months after a week of staying rangebound.
The loonie closed at US$0.7143 or US$1=C$1.4000, compared to US$0.7167 or US$1=C$1.3952 on Wednesday. A stronger United States dollar and lower crude oil prices pressured the loonie.
The U.S. Dollar Index was up 0.49 of a point at 99.40.
Crude oil prices were down on Thursday after Israel and Hamas agreed to a potential ceasefire.
The November West Texas Intermediate contract lost US$1.08 per barrel at US$61.47. December Brent crude oil declined US$1.09/barrel at US$65.16.
The TSX/S&P Composite Index shed 232.01 points to close at 30,269.98.
Gold fell below US$4,000 per ounce, easing back to US$3,993.70, down US$76.80.
