WINNIPEG – The Canadian dollar slightly rose on Wednesday along with crude oil prices.
As of 8:42 a.m. CST, the loonie was at US$0.7886 or US$1=C$1.2681 on Wednesday, compared to US$0.7878 or US$1=C$1.2694 on Tuesday.
The United States Dollar Index was down 0.43 points at 95.96.
Benchmark crude oil prices are rising yet again after OPEC+ nations committed on Wednesday to a gradual supply hike in March, but not a larger and more immediate one. Brent crude oil increased US$0.49 per barrel at US$89.65. West Texas Intermediate (WTI) added US$0.55 to US$88.75/barrel. Western Canadian Select (WCS) rose US$0.85 to US$75.67/barrel.
The TSX/S&P Composite Index advanced 14.36 points to 21,334.28.
Gold increased US$1.30 per ounce to US$1,802.80.
