WINNIPEG – The Canadian dollar continued to decline on Thursday morning.
As of 8:31 a.m. CST, the loonie was at US$0.7925 or US$1=C$1.2615, compared to Wednesday’s close of US$0.7940 or US$1=C$1.2595. On Wednesday, Statistics Canada announced that Canada’s inflation rate grew to 4.7 per cent in October, its highest level since February 2003.
The U.S. Dollar Index decreased 0.07 of a point to 95.76.
Benchmark crude oil prices rebounded Thursday morning after easing off the past few days. Brent crude oil gained US$0.48 per barrel to US$80.76. West Texas Intermediate (WTI) advanced US$0.45 to US$78.81/barrel. However, Western Canadian Select (WCS) lost US$0.31 to US$59.95/barrel.
The TSX/S&P Composite Index moved up 20.15 points to 21,673.17.
Gold dropped US$4.40 per ounce to US$1,865.80.
