Glacier FarmMedia | MarketsFarm – The Canadian dollar uncovered some upside on Thursday as tariff threats from United States President Donald Trump continued to rattle markets.
The loonie ended the day at US$0.7308 or US$1=C$1.3683, compared to US$0.7303 or US$1=C$1.3693 on Wednesday.
The U.S. Dollar Index was up 0.04 of a point at 97.60.
Benchmark crude oil prices fell back on Thursday due to a clouded global economic growth outlook, due to potential tariffs. Pressure also came from U.S. participation in Ukrainian-Russian peace talks and OPEC+ plans to further increase supply in September. West Texas Intermediate dropped US$1.47 per barrel at US$66.91. Brent crude oil fell US$1.28/barrel at US$68.91.
The TSX/S&P Composite Index rose 109.98 points at 27,082.30.
Gold advanced US$13.00 per ounce at $3,334.00.
