WINNIPEG – The Canadian dollar continued its bounce back, exceeding the 77 United States cents mark on Tuesday.
As of 8:50 a.m. CDT, the loonie was at US$0.7728 or US$1=C$1.2940, compared to US$0.7696 or US$1=C$1.2994 on Monday. Statistics Canada reported on Tuesday that retail sales increased by 0.9 per cent in April with a preliminary estimate of a 1.6 per cent rise in May.
The U.S. Dollar Index was down 0.42 of a point at 104.29. U.S. bond and stock markets re-opened Tuesday after being closed for the Juneteenth holiday on Monday.
Crude oil prices were higher on Tuesday. Brent crude oil advanced US$1.36 per barrel to US$115.49. West Texas Intermediate (WTI) rose US$2.31 at US$111.87/barrel. Western Canadian Select (WCS) added US$1.59 to US$91.49/barrel.
The TSX/S&P Composite Index is still on the rise, climbing 115.38 points to 19,299.01.
Gold eased back US$4.90 per ounce to US$1,835.70.
