WINNIPEG, August 11 (MarketsFarm) – The Canadian dollar moved back above the 80-cent United States mark on Wednesday despite falling oil prices.
As of 8:40 a.m. CDT, the loonie was at US$0.8001 or US$1=C$1.2498, compared to US$0.7974 or US$1=C$1.2540 when markets closed on Tuesday.
Crude oil dropped on Wednesday. Brent crude oil slipped US$0.71 per barrel to US$69.92. West Texas Intermediate (WTI) decreased US$0.59 to US$67.70/barrel. Western Canadian Select (WCS) fell US$1.13 to US$53.97/barrel.
The TSX/S&P Composite Index held mostly was flat, up by 0.88 of a point at 20,496.62.
Gold rebounded, rising US$12.29 per ounce to US$1,741.22.
