WINNIPEG – The Canadian dollar has surpassed the 80 United States cent mark on Thursday.
As of 8:39 a.m. CST, the loonie was at US$0.8027 or US$1=C$1.2458 on Thursday, compared to US$0.7994 or US$1=C$1.2510 on Wednesday.
The U.S. Dollar Index was down 0.20 points at 94.72. The U.S. Labor Department announced on Wednesday the consumer price index increased 0.5 per cent last month, resulting in an annual inflation rate of seven per cent, the highest since June 1982.
Benchmark crude oil prices were steadier on Thursday than in recent days. Brent crude oil added US$0.23 per barrel at US$84.90. West Texas Intermediate (WTI) increased eight cents to US$82.72/barrel. Western Canadian Select (WCS) advanced US$0.10 to US$69.83/barrel.
The TSX/S&P Composite Index rose 61.67 points to 21,456.67.
Gold dropped US$6.00 per ounce to US$1,821.30.
