Glacier FarmMedia – The Canadian dollar declined on Thursday morning.
The loonie was at US$0.7242 or US$1=C$1.3808 as of 8:28 a.m. CDT, compared to Wednesday’s close at US$0.7250 or US$1=C$1.3794.
The United States Dollar Index was up 0.13 of a point at 98.27. Data from processing firm ADP published Thursday morning said private payrolls in the U.S. increased by just 54,000 in August, below economists’ estimate of 75,000 and below the 106,000 reported for July.
Crude oil prices retreated once again on speculation OPEC+ could decide to raise output in October at its meeting on Sunday.
Brent crude oil lost US$0.95 per barrel at US$66.65/barrel. West Texas Intermediate dropped US$0.89 at US$63.08/barrel.
The TSX/S&P Composite Index gained 53.03 points at 28,804.39.
Gold lost US$21.50 per ounce at $3,614.00.
