By Glen Hallick
Glacier FarmMedia | MarketsFarm – The Canadian dollar eased below 72 U.S. cents on Thursday morning, as its United States counterpart rose slightly and crude oil was relatively firm.
As of 8:36 am CDT, the loonie was at US$0.7198 or US$1=C$1.3892 compared to Wednesday’s close of US$0.7212 or US$1=C$1.3866. On the U.S. Dollar Index, the greenback bumped up 0.130 of a point at 98.210.
There were small upticks in benchmark crude oil prices on Thursday morning, continuing to ride the larger than expected drop in U.S. stockpiles.
West Texas Intermediate tacked on five cents at US$62.76 per barrel and Brent crude oil nudged up 15 cents at US$66.99 per barrel.
The TSX/S&P Composite Index added 15.14 points at 27,893.90.
Gold is down US$1.50 at US$3,387.00 per ounce.
