WINNIPEG – The Canadian dollar slipped back below the 80 cent United States mark on Tuesday, one day before the Bank of Canada makes its key interest rate announcement.
As of 8:59 a.m. CDT, the loonie was at US$0.7986 or US$1=C$1.2522, compared to US$0.8019 or US$1=C$1.2471 when markets closed on Monday.
Crude oil was higher on Tuesday. Brent crude jumped US$0.63 per barrel to US$75.79. West Texas Intermediate (WTI) rose US$0.34 to US$74.44/barrel. However, Western Canadian Select (WCS) retreated nine cents to US$61.07/barrel.
The TSX/S&P Composite Index gained 44.70 points at 20,227.78.
Gold increased US$6.84 per ounce to US$1,813.12.
