WINNIPEG – The Canadian dollar continued to weaken on Thursday after one of its biggest one-day drops in months on Wednesday.
The loonie was at US$0.7532 or US$1=C$1.3277, down from US$0.7545 or US$1=C$1.3254 on Wednesday. The United States Dollar Index showed its strength again, gaining 0.44 of a point at 103.34.
A decline in U.S. stockpiles and hawkish sentiment from the U.S. Federal Reserve are putting crude oil in a standstill. Brent crude oil was US$0.01 lower at US$74.02 per barrel. West Texas Intermediate (WTI) also shed US$0.01 at US$69.55/barrel.
The TSX/S&P Composite Index advanced 10.13 points to 19,828.98.
Gold fell US$19.40 per ounce to US$1,902.80.
