The Canadian dollar rebounded on Thursday morning after two days of retreat.
The loonie was at US$0.7250 or US$1=C$1.3793 as of 8:33 a.m. CDT, compared to Wednesday’s close at US$0.7233 or US$1=C$1.3826.
The United States Dollar Index was down 0.43 of a point at 99.44. A U.S. federal court ruled on Wednesday that President Donald Trump does not have unilateral authority to impose tariffs on other countries, in effect striking them down.
Crude oil prices stepped back despite the court ruling as OPEC+ continues to discuss its potential supply hike for July.
Brent crude oil declined US$0.39 per barrel at US$64.51 per barrel and West Texas Intermediate was down US$0.41 at US$61.43/barrel.
The TSX/S&P Composite Index lost 6.00 points at 26,277.45.
Gold added US$22.10 per ounce at $3,344.50.
