Glacier FarmMedia — The Canadian dollar was relatively steady on Thursday as tariffs imposed by United States President Donald Trump came into effect.
The loonie closed at US$0.7271 or US$1=C$1.3753, compared to US$0.7275 or US$1=C$1.3746 on Wednesday. Canadian goods not covered under the Canada-U.S.-Mexico Agreement (CUSMA) are subject to 35 per cent levies.
The United States Dollar Index advanced 0.21 of a point at 98.39.
Crude oil prices dropped after the Kremlin announced Russian President Vladimir Putin will meet with Trump in the coming days.
West Texas Intermediate declined US$0.57 per barrel at US$63.78. Brent crude oil dipped US$0.56/barrel at US$66.33.
The TSX/S&P Composite Index fell from its all-time high set on Wednesday, losing 159.60 points to close at 27,761.27.
Gold surged US$38.30 per ounce at $3,471.70.
