Glacier FarmMedia – The Canadian dollar was relatively steady on Tuesday morning.
The loonie was at US$0.7255 or US$1=C$1.3784 as of 8:35 a.m. CDT, compared to Monday’s close at US$0.7254 or US$1=C$1.3785.
The United States Dollar Index was up 0.04 of a point at 98.56. The U.S. Labor Department said today the country’s inflation rate was at 2.7 per cent in July, unchanged from June. However, core prices excluding food and energy increased by 3.1 per cent.
Crude oil prices weakened ahead of a meeting between U.S. President Donald Trump and Russian President Vladimir Putin in the coming days.
Brent crude oil was down US$0.36 per barrel at US$66.27/barrel. West Texas Intermediate dropped US$0.50 at US$63.46/barrel.
The TSX/S&P Composite Index added 84.42 points at 27,859.65.
Gold declined US$6.70 per ounce at $3,398.00.
