WINNIPEG – The Canadian dollar took a step back on Wednesday morning.
The loonie was at US$0.7545 or US$1=C$1.3254, down from US$0.7565 or US$1=C$1.3219 on Tuesday.
The United States Dollar Index declined 0.06 points to 102.98. U.S. markets were closed on Tuesday for the Independence Day holiday.
Crude oil made variable gains after Saudi Arabia and Russia announced supply cuts. Brent crude oil was US$0.53 higher at US$76.78 per barrel. West Texas Intermediate (WTI) jumped US$2.22 at US$72.01/barrel.
The TSX/S&P Composite Index was down 74.34 points to 20,130.53.
Gold rose US$12.00 per ounce to US$1,941.50.
