WINNIPEG – The Canadian dollar was showing strength on Tuesday morning, crossing the 73 United States cent mark.
As of 8:37 a.m. CDT, the loonie was at US$0.7322 or US$1=C$1.3657, compared to US$0.7288 or US$1=C$1.3722 on Monday. On Wednesday, the Bank of Canada will announce its next increase of its key interest rate.
The United States Dollar Index tumbled 0.61 of a point at 111.36.
Crude oil was mixed on Tuesday with tightening supply and the potential of an economic slowdown being factors. Brent crude oil lost US$0.06 per barrel to US$93.20. Meanwhile, West Texas Intermediate (WTI) gained US$0.27 at US$84.85/barrel. Western Canadian Select (WCS) was down US$0.11 to US$57.68/barrel.
The TSX/S&P Composite Index was up 3.89 points to 18,922.29.
Gold increased US$2.60 per ounce to US$1,656.70.
