WINNIPEG – The Canadian dollar is virtually unchanged on Tuesday while oil makes a comeback after the previous day’s losses.
As of 8:54 a.m. CDT, the loonie was at US$0.7961 or US$1=C$1.2561, compared to US$0.7959 or US$1=C$1.2565 when markets closed on Monday.
Crude oil rebounded on Tuesday after weakening on Monday due to new COVID-19 restrictions in Asia. Brent crude oil increased US$0.85 per barrel to US$69.89. West Texas Intermediate (WTI) jumped US$0.91 to US$67.39/barrel. Western Canadian Select (WCS) rose US$0.29 to US$53.49/barrel.
The TSX/S&P Composite Index gained 86.51 points at 20,523.93.
Gold continues to drop, losing US$7.47 per ounce to US$1,722.47.
